April 16, 2024
Gold down a third straight session on dollar strength, despite U.S. debt-ceiling impasse

Gold down a third straight session on dollar strength, despite U.S. debt-ceiling impasse

Gold futures tallied a third consecutive session decline on Wednesday, settling at their lowest in nearly a week as further strength in the U.S. dollar pressured prices for the precious metal.

Gold gave up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal in Congress.

Price action

Market drivers

“It…

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