Gold range-bound on firmer dollar, US debt limit uncertainty


Singapore, May 25 (BNA): Gold prices stabilized on Thursday, as the dollar rose to a two-month high and reduced demand for the metal priced in US dollars, while investors awaited further developments in the protracted debt ceiling negotiations in Washington. .

Spot gold settled at $1957.09 an ounce by 0519 GMT. US gold futures fell 0.3% to $1,958.80, Reuters reported.

The rival safe-haven dollar has climbed to its highest levels since mid-March, making gold less attractive to overseas buyers.

Spot silver fell 0.2% to $23.03 an ounce, platinum fell 0.3% to $1021.23, and palladium fell 0.1% to $1413.96.

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