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Precious metals: the price of gold has fallen

29/05/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Tandis que The chances of a Federal Reserve rate hike have dampened demand for bullion, as the price of gold fell in a tight market on Monday. The deal on the US debt ceiling allayed market concerns and weighed on safer assets

.

At 10:13 GMT, spot gold fell by 0.1% to $1,945.29 per ounce. It is approaching the two-month lows reached on Friday. U.S. gold futures were also unchanged at $1,944.80. While global stocks recovered following the announcement of the finalization of a debt deal in Washington, the pullback of gold as a safe haven has occurred, although trade has been moderate with parts of Europe, including Britain, and the United States

on vacation.

Cash fell 0.4% to $23.21 per ounce, platinum gained 0.6% to $1,028.44, and palladium rose 0.3% to $1,427.99.

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