Metals Stocks: Gold edges up as U.S. debt-ceiling fight, Fed outlook keep yellow metal elevated

by | May 11, 2023 | Stock Market

Gold prices were slightly higher on Thursday, recouping losses from the prior session as investors continued to parse U.S. inflation data and remained concerned about the debt ceiling debate in Congress. Price actionMarket drivers Gold prices have benefited from a number of factors recently, including anxieties surrounding Congress’s struggle to raise the U.S. debt ceiling, as well as expectations that the Federal Reserve has finished hiking interest rates. Last…

Article Attribution | Read More at Article Source

Share This