Gold Ticks up as US Debt Ceiling and Rate Cut Risks Linger

12 May 2023

Gold turned positive on Friday, reversing course from earlier in the session as buyers took advantage of a price dip, while economic risks including looming worries about U.S. debt default kept bullion’s safe haven demand intact. The bullish sentiment in the gold market still stands strong over expectations of the Fed cutting rates later this year,…

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