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Find all the economic and financial information on our Orishas Direct application to download on Play StoreGold regained its footing on Monday after three consecutive weeks of losses. Negotiations on the American debt ceiling are dragging on.
After reaching its lowest level since May 5 on Friday, spot gold was up 0.2% to $2,015.80 per ounce at 0927 GMT. U.S. gold futures rose 0.1% to $2,021.40. According to Han Tan, chief market analyst at Exinity, “the bullion remains supported above $2,000 by persistent anxiety over the ongoing US debt ceiling negotiations as well as by hopes that the Fed has
completed its rate hikes.”Platinum rose 0.8% to $1,057.79 and palladium rose 1.4% to $1,529.95 and cash rose 0.5% to $24.03 per ounce.
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