Gold listless as debt ceiling talks show no progress

Gold listless as debt ceiling talks show no progress
# 25 May 2023 09:25 (UTC +04:00)

Gold prices traded in a narrow range on Thursday as investors awaited further developments in the drawn-out debt ceiling negotiations, while a stronger dollar capped advances, APA-Economics reports citing Reuters.

Spot gold held steady at $1,957.49 per ounce by 0300 GMT. U.S. gold futures fell 0.3% to $1,958.60.

The dollar index held firm close to the previous session's high, keeping a lid on gold prices.

Spot silver fell 0.3% to $23.02 per ounce, palladium edged 0.1% lower to $1,413.64, while platinum was flat at $1,023.19.

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