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☆ Gold rises on weaker dollar; traders await data, cues from Fed
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.3% to $1,928.14 per ounce by 0402 GMT while U.S. gold futures were up 0.2% to $1,937.70. "If the dollar falls but yields edge up (softer Fed tone, neutral/upbeat data), gold may stumble but remain muted as silver, platinum and palladium rise," said Ilya Spivak, head of global macro at Tastylive. "Looking ahead, (gold) will continue to try reconciling signs of a deepening slowdown in global economic activity with this hawkish central bank turn." The dollar index edged down 0.1%, making greenback-priced bullion more attractive for overseas buyers. Economic data including China's Purchasing Managers' Index, and a key U.S. inflation gauge this week could provide a clearer picture on the macroeconomic situation.

Persons: Jerome Powell's, Ilya Spivak, Jerome Powell, Spivak Organizations: Federal, Benchmark, China's, European Central Bank, Investors Locations: China, United States, U.S, Sintra

☆ Gold prices steady on softer dollar, focus on economic cues
▼ + stars: | 2023-06-27 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold held its ground at $1,923.09 per ounce by 1200 GMT while U.S. gold futures edged down 0.1% to $1,932.90. The dollar index (.DXY) eased slightly, making dollar-priced bullion more attractive for overseas buyers. Meanwhile, Julius Baer analyst Carsten Menke said that high interest rates are offering other alternatives than gold to safe-haven seekers. Spot silver rose 0.5% to $22.88 an ounce and was on track for a third straight session of gains. Reporting by Arundhati Sarkar and Seher Dareen in Bengaluru Editing by Christina Fincher, David Goodman and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Tan, Jerome Powell's, Julius Baer, Carsten Menke, Arundhati Sarkar, Seher, Christina Fincher, David Goodman, Louise Heavens Organizations: Federal, Fed, European Central Bank, Thomson Locations: U.S, United States, Sintra, Bengaluru

☆ Gold prices edge higher as tepid dollar lifts appeal
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged higher on a weaker dollar, although bullion hovered close to three-month lows as traders assessed prospects that more interest rate hikes by the U.S. Federal Reserve were in the offing. Spot gold rose 0.2% to $1,925.78 per ounce by 0341 GMT. Bullion slumped nearly 2% in the previous week as hawkish comments from Fed officials suggested more rate hikes to bring down sticky inflation. Higher interest rates make non-yielding gold less appealing. San Francisco Fed Bank President Mary Daly said on Friday two more rate hikes this year are a "very reasonable" projection.

Persons: Bullion, Christopher Wong, Mary Daly, Wong Organizations: U.S . Federal, San Francisco Fed Bank, P Global Locations: Moscow, Russia

☆ Gold prices edge up on weaker dollar
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - Gold prices edged higher in early Asian trade on Monday, helped by a weaker U.S. dollar, although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullion's appeal. FUNDAMENTALS* Spot gold rose 0.3% to $1,926.29 per ounce by 0051 GMT. U.S. gold futures were up 0.3% at $1,936.10 per ounce* The dollar index was down 0.2%, making gold more attractive for buyers holding other currencies. * In his congressional testimony last week, Fed Chair Jerome Powell signalled more rate hikes ahead but vowed the central bank would proceed with caution. DATA/EVENTS (GMT)0500 Japan Leading Indicator Revised April0800 Germany Ifo Business Climate New June0800 Germany Ifo Current Conditions New June0800 Germany Ifo Expectations New JuneReporting by Seher Dareen in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Mary Daly, Masato Kanda, Seher, Subhranshu Sahu Organizations: Federal Reserve, Francisco Fed Bank, Thomson Locations: Japan, Germany, Bengaluru

Spot gold was up 0.8% to $1,927.90 per ounce by 10:25 a.m. EDT (1425 GMT), after dropping to a more than three-month low earlier in the session. Benchmark 10-year Treasury yields slipped to a 10-day low, reducing the opportunity cost of owning non-yielding gold. Spot silver rose 0.9% to $22.44 per ounce, but was set for its biggest weekly drop since October 2022. Platinum was down 0.3% to $920.38, on course for its worst week since August 2022. Palladium could extend this year's near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal.

Persons: Edward Moya, Jerome Powell, Phillip Streible, Mary Daly, Barbara Lewis Organizations: Treasury, Federal Reserve, Blue, San Francisco Fed, Reuters, Palladium, Thomson Locations: U.S, Chicago, Bengaluru

SP Angel analyst John Meyer said that with global EV sales expected to reach around 15 million vehicles this year, sales of palladium, chiefly used to neutralise harmful car emissions, could be impaired by 1.5 million-2.25 million ounces. While there are still few battery-powered vehicles in the heavy-duty market, exhaust-free electric vehicles are eating into the palladium-focused light vehicle market, Johnson Matthey said. Palladium prices could fall to the $1,250 level, Edward Moya, senior market analyst at OANDA, said. "The reason why people are more pessimistic about palladium than platinum is due to adoption of EVs," he said. "There's a lack of interest in the palladium market.

Persons: John Meyer, Johnson, Wilma Swarts, PGMs, Johnson Matthey, Edward Moya, palladium's bearishness, Tai Wong, Bart Melek, Ashitha, Seher Dareen, Arundhati Sarkar, Brijesh Patel, Arpan Varghese, Jan Harvey Organizations: Palladium, SP, Metals, TD Securities, Thomson Locations: Ukraine, New York, China, Bengaluru

☆ Gold hovers near 3-month low, set for biggest weekly drop since Feb
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold hovered near a three month low on Friday and was set for its biggest weekly drop since February, as the dollar strengthened after U.S. Federal Reserve Chief Jerome Powell hinted about more interest rate hikes. Spot gold ticked up 0.2% to $1,916.39 per ounce by 0450 GMT but stayed close to a three-month low hit earlier in the session. "Gold has extended lower out of the range that it was occupying for a few weeks, suggesting there is more weakness ahead. Palladium ticked 0.1% higher to $1,285.00 after hitting its lowest since May 2019 in the previous session.

Persons: Jerome Powell, Ilya Spivak, Powell, Tim Waterer, Tastylive's Spivak Organizations: South Korea's, Nikko, U.S, Federal, KCM Trade Locations: Seoul, Powell, U.S

☆ Gold flat as markets await Powell's testimony for rate cues
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: +2 min

Gold prices moved in a tight range on Wednesday after two-straight sessions of declines, as investors refrained from making large bets ahead of U.S. Federal Reserve Chairman Jerome Powell's congressional testimony. Spot gold held its ground at $1,936.03 per ounce by 0504 GMT. In this light, Chairman Powell's testimony could have a major short-term impact on the market," said Clifford Bennett, chief economist at ACY Securities. "For the moment gold is under the great interest rate threat hammer, but the very real on-going strong jewelry and manufacturing demand should eventually win the day," Bennett added. Among other precious metals, spot silver fell 0.4% to $23.0973 per ounce, platinum shed 0.6% to $957.16, and palladium lost 0.3% to $1,375.37.

Persons: Jerome, Powell's, Clifford Bennett, Powell, Bennett, Michael Langford Organizations: U.S . Federal, ACY Securities, U.S . House Financial, Federal Reserve, Traders, U.S ., Scorpion Minerals Locations: U.S, Washington, Asia

☆ Gold listless as investors hunt for Fed rate clues
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: +2 min

Spot gold held its ground at $1,949.59 per ounce by 0248 GMT, while U.S. gold futures fell 0.5% to $1,961.20. "Gold prices seem exhausted lately, as intermittent bounces over the past month have failed to find much follow-through ... Investors are now focusing on Powell's congressional testimony on Wednesday and Thursday for further guidance on interest rates following the Fed's hawkish pause on monetary policy tightening last week. Although gold is considered a hedge against inflation, interest rate hikes raise the opportunity cost of holding non-yielding bullion. Additionally, the European Central Bank should raise interest rates again in July as inflation risks are skewed towards higher outcomes, Slovakia's central bank chief said on Monday, while the Bank of England is expected to raise rates by another 25 basis points on Thursday.

Persons: Jerome Powell, Yeap Jun Rong, IG's, Rong Organizations: U.S . Federal, Investors, Fed, U.S ., European Central Bank, Bank of England Locations: China

☆ Gold ticks lower, traders assess Fed rate trajectory
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: +1 min

Fed officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting last week. Although gold is considered a hedge against inflation, interest rate hikes raise the opportunity cost of holding non-yielding bullion. Traders are now pricing in an about 72% chance of Fed rate hike in July, according to the CME Fedwatch tool. "Near term, the risk of another one or two more Fed rate hikes can dim the appeal of gold, but to put in perspective, the Fed is closer to the end of the tightening cycle," said OCBC FX strategist Christopher Wong. Investors now await Fed Chair Jerome Powell's congressional testimonies on Wednesday and Thursday for further cues on future rates.

Persons: Matt Simpson, Bullion, Christopher Wong, Jerome Organizations: . Federal Reserve, Index, Traders, Investors Locations: Index .

☆ Gold set for weekly dip on prospects of more rate hikes
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: +2 min

A one kilo Swiss gold bar and US dollars gold coins are pictured in Paris on February 20, 2020. Gold prices eased on Friday and were headed for a slight weekly fall as traders weighed recent U.S. economic data and hawkish signals from the Federal Reserve on further monetary tightening. "Gold is struggling to move higher because the Fed's message on inflation and interest rates still remains hawkish. So, it's sort of removing the incentive to buy gold because there are more interest rate increases on the horizon," said Edward Meir, a metals analyst at Marex. While gold is considered a safe haven during economic uncertainties, higher interest rates dull the appeal for zero-yield bullion.

Persons: Edward Meir, Meir Organizations: Federal Reserve, Traders, The Bank of Japan Locations: Paris

☆ Gold rises as dollar weakens ahead of Fed decision
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged higher on Wednesday, helped by a softer dollar as slowing U.S. inflation cemented bets that the Federal Reserve would keep interest rates unchanged later in the day. Spot gold rose 0.3% to $1,948.49 per ounce by 05:00 GMT. Markets are pricing in a roughly 90% chance of the Fed keeping rates unchanged, according to CME's Fedwatch tool. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal. Spot silver climbed 0.7% to $23.8439 per ounce, platinum rose 0.3% to $979.37, while palladium was flat at $1,361.01.

Persons: Clifford Bennett, " Bennett, Nicholas Frappell Organizations: Federal Reserve, U.S, ACY Securities, Fed, ABC Refinery Locations: Siberian, Krasnoyarsk, Russia, U.S

☆ Gold ticks up ahead of U.S. CPI, Fed meeting
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: +2 min

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. Spot gold rose 0.2% to $1,960.59 per ounce by 0426 GMT. "The market is waiting for the U.S. Consumer Price Index and Federal Reserve Monetary Policy Committee meeting to provide a clearer direction on gold price. (However) there is a lack of catalyst for gold to outperform other asset classes regardless of U.S. Fed policy decision making," said Michael Langford, director at corporate advisory firm AirGuide. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal.

Persons: Michael Langford, AirGuide's Langford Organizations: ABC Refinery, Federal, U.S, U.S . Consumer, Reserve Monetary, Reuters, European Central Bank, Bank of Japan Locations: Sydney

☆ Gold eases on stronger dollar, focus on central bank meetings
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices dipped on Monday as the U.S. dollar edged higher, and investors positioned for a series of major central bank policy meetings this week, with a likely pause in interest rate hikes by the U.S. Federal Reserve. Spot gold fell 0.3% to $1,954.78 per ounce by 0235 GMT. The release of U.S. consumer price index and producer price index data on Tuesday and Wednesday, respectively, are also on investors' radar, as a hotter CPI number could alter rate expectations. Fed fund futures show a 71.2% probability that the U.S. central bank will keep its benchmark overnight interest rate in the 5.00%-5.25% range when its two-day meeting ends on Wednesday. Palladium fell 0.7% to $1,313.77 after hitting its lowest since May 2019 on Friday.

Persons: Matt Simpson, Simpson Organizations: U.S, U.S . Federal Locations: Australia, U.S, China, India

☆ Gold dips but set for weekly rise on Fed rate pause hopes
▼ + stars: | 2023-06-09 | by ( ) www.cnbc.com time to read: +1 min

Gold prices dipped on Friday after climbing more than 1% in the previous session, although hopes of a likely pause on interest rate hikes by the U.S. central bank kept bullion on track for a weekly gain. Spot gold fell 0.2% to $1,963.41 per ounce by 05:15 GMT, but headed for a 0.8% weekly rise. Focus now shifts to the U.S. consumer inflation report for May, due on June 13, ahead of the Fed meeting, which will provide investors more clarity about the health of the world's largest economy. Markets are pricing in a 76% chance of the Fed standing pat next week, after having raised at every meeting since March 2022. Platinum rose 0.3% higher to $1,013.53 and was set to post a weekly gain after two weeks.

Persons: Tim Waterer, Kunal Shah Organizations: U.S, U.S . Federal Reserve, KCM, Monetary Fund, U.S . Fed, Nirmal, Commodities Locations: U.S, Mumbai

☆ Gold climbs on softer dollar as traders weigh Fed verdict
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold prices edged higher on Thursday, supported by a softer dollar, although bullion hovered near the previous session's lows as investors awaited cues from the U.S. Federal Reserve. Spot gold was up 0.3% to $1,946.09 per ounce by 0441 GMT, after shedding 1% in the previous session. The dollar index eased slightly making gold less expensive for investors holding other currencies. Gold still remains a viable macro portfolio tail hedge, despite a hawkish Fed regime, Citi said in a note.

Persons: Ajay Kedia, Clifford Bennett Organizations: U.S . Federal, Kedia Commodities, Reuters, Bank of Canada, Wednesday, ACY Securities, Citi Locations: Moscow, Russia, U.S, Mumbai

☆ Gold trades in tight range as investors await Fed decision
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold prices inched higher on Wednesday, trading in a tight range as support from a weaker dollar countered concerns surrounding the U.S. Federal Reserve's next interest rate decision. Spot gold rose 0.1% to $1,963.86 per ounce by 0220 GMT. Non-interest-bearing bullion tends to become less attractive in a high interest rate environment. Fed fund futures indicate traders have priced in an 80.6% chance that the Fed will hold interest rates in the 5%-5.25% range, according to CMEGroup's Fedwatch tool.

Persons: Ilya Spivak Organizations: U.S . Federal, New York Fed, Fed Locations: Moscow, Russia, U.S ., Asia, Pacific

☆ Taylor Swift seems to reference Matty Healy throughout her new album. Here's a complete timeline of their relationship.
▼ + stars: | 2023-06-05 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +22 min

At the concert, Swift was photographed dancing with her friends on the balcony, getting especially cozy with Kloss. February 25, 2015: Swift and Healy hang out at the Universal Music Brits party in LondonNick Grimshaw, Taylor Swift, and Matt Healy at the Universal Music Brits party. "It's not really anything to talk about, because if she wasn't Taylor Swift we wouldn't be talking about her. AdvertisementHe continued: "If I had gone out with Taylor Swift I would've been, 'Fucking hell! Taylor Swift performs at the 2016 Grammys; Matty Healy performs at the 2016 Apple Music Festival.

Persons: —, Taylor Swift, Matty Healy, Swift's, Healy, Milwaukee Healy, Swift, Los Angeles Swift, Selena Gomez, Gomez, Ellie Goulding, — Taylor, Harry Styles, merch, Angus O'Loughlin, hasn't, Stone, I've, she's, Martha Hunt, Lily Aldridge, Karlie, Haim, Hunt, Aldridge, Instagram, concertgoers, it's, Taylor, Jared, Swift Healy, Australia's, London Nick Grimshaw, Matt Healy, David M, Bacardi Swift, Kloss, Goulding, Nick Grimshaw, Mick Jagger, Halsey, It's, wasn't Taylor Swift, Robyn Beck, Dave J Hogan, Elle, Lana Del Rey, Jack Antonoff, Jack, Ally, Phoebe Bridgers, Paul Mescal, Bo Burnham, Bridgers, Burnham Organizations: Service, Poets Department, Business, Swift, Eagles, Us, MTV, Universal Music Brits, Soho House, Bacardi, Q, NME, KROQ, Klein, Poets Society Locations: Milwaukee, Los Angeles, New York City, Australia, London, Soho

☆ Gold eases as firmer dollar offsets support from bets on Fed pause
▼ + stars: | 2023-06-05 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged lower in rangebound trading on Monday as the dollar firmed after a strong U.S. payrolls report, overshadowing support from prospects that the Federal Reserve would pause its rate hikes this month. Spot gold was down 0.2% at $1,944.69 per ounce as of 0256 GMT, trading in a $6 range. But the unemployment rate surged to a seven-month high of 3.7% from a 53-year low of 3.4% in April. Asian shares extended a global rally on optimism that the Fed would pause its rate hikes this month, while oil prices jumped. Spot silver inched down 0.2% to $23.53 per ounce, platinum rose 0.2% to $1,005.00 per ounce, while palladium shed 0.6% to $1,412.46.

Persons: nonfarm, Philip Jefferson, Matt Simpson Organizations: Argor Hebaeus SA, Federal, Reuters, Index, U.S . House Locations: Swiss, Budapest, Hungary, U.S

☆ Gold prices range-bound as traders measure Fed policy path
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: +2 min

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

☆ Gold set for monthly drop as US debt agreement saps appeal
▼ + stars: | 2023-05-31 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

SummarySummary Companies Gold set for first monthly fall in threeSilver, platinum, palladium face monthly lossGold defended support confluence zone at $1,940 level - analystMay 31 (Reuters) - Gold prices eased on Wednesday, set for a monthly drop, as progress in the U.S. debt ceiling deal and expectations that the Federal Reserve will likely raise interest rates further eroded bullion's safe-haven status. Spot gold fell 0.2% to $1,955.28 per ounce by 0243 GMT, and lost 1.7% so far this month. Gold prices have come off their recent near-record highs reached early in May. Higher interest rates dull the appeal for zero-yield bullion. A hawkish build in rate expectations has translated to some resilience in place, and until that reverses, upside for gold prices may continue to remain capped, Jun Rong added.

Persons: Gold, Joe Biden, Kevin McCarthy, Yeap Jun Rong, Jun Rong, Arundhati Sarkar, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Federal Reserve, U.S, IG, Thomson Locations: U.S, Bengaluru

☆ Gold prices dip as U.S. debt deal, rate-hike bets weigh
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold prices held close to a two-month low on Tuesday as optimism over a U.S. debt ceiling deal and reduced bets for a pause in the Federal Reserve's rate hike policy in June dented the metal's appeal. Spot gold was down 0.2% at $1,938.57 per ounce by 0448 GMT. U.S. President Joe Biden said on Monday he feels good about prospects for passage by Congress of the debt ceiling deal that he reached with House of Representatives Speaker Kevin McCarthy. Having navigated the financial crisis of 2008, Minneapolis Fed President Neel Kashkari worries about systemic risks.

☆ Gold prices slip on U.S. debt limit deal, Fed rate-hike bets
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +1 min

Gold prices edged lower on Monday as a tentative deal sealed over the weekend to suspend the U.S. debt ceiling coupled with jitters around higher-for-longer interest rates dampened demand for the non-yielding metal. Spot gold was down 0.1% at $1,944.09 per ounce by 0252 GMT, hovering near two-month lows hit on Friday. Gold, which offers no yield of its own, tends to fall out of favor among investors when interest rates rise. Asian shares and U.S. stock futures rose as the deal to suspend the U.S. government's debt ceiling ended a protracted stalemate. Spot silver fell 0.2% to $23.26 per ounce, platinum edged 0.1% higher to $1,023.83, and palladium rose 0.3% to $1,428.07.

☆ Gold hits 2-month low on debt talks progress, rate hike bets
▼ + stars: | 2023-05-25 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve. Spot gold was 0.6% down at $1,944.45 per ounce, having hit its lowest since March 22. White House and Republican negotiators made some progress in late-night talks over raising the debt ceiling, top congressional Republican Kevin McCarthy said. "A rather impressive round of economic data suggests this economy is still showing so much resilience ... the argument for possibly delivering another rate hike is gaining steam here," Moya added.

Persons: Gold, Kevin McCarthy, Edward Moya, Moya, Ross Norman Organizations: London, Investments, Federal Reserve, White House, Republican, OANDA, Fed Locations: London, United Kingdom

☆ Gold slips as dollar advances with US debt talks dragging on
▼ + stars: | 2023-05-24 | by ( ) www.cnbc.com time to read: +2 min

Gold slipped as the dollar firmed, cutting some safe- haven flows into bullion from the looming risk of a U.S. debt default as talks entered a critical stretch. "Overwhelmingly, the debt ceiling headlines are at play.... Gold gained in the previous session "despite headwinds from a rising broad dollar, which reveals notable demand behind the scenes." Wall Street's main indexes opened lower as the debt ceiling impasse kept investors on edge. If regional U.S. banking troubles were to subside and agreement reached over the debt ceiling, gold could fall further, said Edward Gardner, commodities economist at Capital Economics.

Persons: Gold, Joe Biden, Kevin McCarthy, Daniel Ghali, TD Securities . Gold, Edward Gardner, Bullion Organizations: Democratic, TD Securities ., Capital Economics Locations: Moscow, U.S

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