Bullion update

Category:-Metal | 26-May-2023 08:04 AM

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. U.S. gold futures eased nearly 1% to $1,946.10.

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