Dollar

Gold steadied as the dollar edged down

Gold steadied as the dollar edged down

Gold yesterday settled down by -0.1% at 59499 as the dollar edged down after U.S. President Joe Biden and House speaker Republican Kevin McCarthy reached an agreement to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025. The deal is now ready to move to Congress for a vote. As debt default worries recede