Gold locked in a narrow range as investors focus on US debt ‎ceiling talks ‎

Gold prices moved in a narrow range today, Wednesday, after another round of talks on the debt ceiling in the United States ended without an agreement, and investors await the minutes of the latest monetary policy meeting of the Federal Reserve (US Central Bank) to search for clues about what might happen in the coming period.

According to “Reuters”, gold declined 0.1 percent in spot transactions, to $ 1973.38 an ounce (an ounce) by 0257 GMT, while US gold futures contracts settled at $ 1975.90.

The dollar index maintained its level, which makes the yellow metal less attractive to buyers abroad

Investors are waiting for any indications related to the direction in which interest rates will go, as their increase raises the opportunity cost of possessing gold that does not generate returns.

As for other precious metals, silver fell 0.3 percent to $23.37 an ounce, and platinum rose 0.1 percent to $1,049.38. Palladium also increased by 0.5 percent, to $ 1,453.16.