Gold Prices fell and Oil Rose after the US Debt Ceiling Agreement was reached

  • International
  • 29 May 2023
1

Gold prices fell on Monday after reaching a preliminary agreement on suspending the US debt ceiling, as gold fell in spot transactions 0.1 percent to $ 1944.09 an ounce to hover near the lowest level in two months. U.S. gold futures were little changed at $1,943.30 an ounce. Oil prices also rose in early Asian trading on Monday, as Brent crude futures increased 55 cents, or 0.71 percent, to $77.50 a barrel, and West Texas Intermediate crude futures rose 62 cents, or 0.85 percent, to $73.29 a barrel.

Source (Al-Arabiya.net Website, Edited)

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