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Gold falls in price amid expectation around US national debt limit
Finance
- 30 May, 2023
- 06:17
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Gold fell on May 30 morning to just below $1,955 a troy ounce on anticipation of news on raising the US government debt limit, Report informs referring to the auction data.
The price of August gold futures on the New York Comex exchange fell by $8.55 (0.44%) to $1,954.55 per troy ounce. July silver futures fell 1.07% to $23.11 an ounce.
The uncertainty related to the increase in the US national debt ceiling continues to affect trading. President Joe Biden said earlier that he had reached a budget agreement with Speaker of the US House of Representatives Kevin McCarthy to prevent a default.
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