A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020.
Gold prices held steady on Thursday, supported by a pullback in the dollar, although prices moved in a tight range as investors gauged the Federal Reserve's interest rate outlook following a critical vote on the U.S. debt ceiling.
The dollar index eased from its highest in more than two months, making bullion less expensive for overseas buyers.
On the downside, it has support at $1,955, and remains influenced by the movement of the dollar, he added.
Higher interest rates dull the appeal for zero-yield bullion.
Persons:
Brian Lan
Organizations:
Gold Investments, Bullion, Investors, U.S . House, Senate, Fed, GoldSilver, Federal Reserve, Federal
Locations:
London, Singapore, U.S