Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors’ appetite for risk. Silver retreated from near the highest level since June 2018.
Spot gold -0.4% to $1,418.60/oz at 9:49am in Singapore. Price hit $1,453.09 on Friday, highest since May 2013. Silver -0.7% to $16.2538/oz after as much as +1.4% Monday; metal gained to $16.5907 last Friday, a 13-month high. Bloomberg Dollar Spot Index +0.1%, rising for third day.
President Donald Trump announced the deal to suspend the U.S. debt ceiling and boost spending levels for two years, capping weeks of talks and averting the risk of a payments default.
Souce : Bloomberg