Leading the Alternative World Order

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Sunday, December 3, 2023
NewsFluctuations in gold prices, with lingering concerns over US debt

Fluctuations in gold prices, with lingering concerns over US debt

“Gold has seen some stability here this morning, with some buying after the decline,” said Bob Haberkorn, chief market analyst at (RGO Futures).

However, the yellow metal has retreated again and is poised for a slight weekly decline.

price movements

Spot gold fell 0.18% to $2,012.32 an ounce at 4:44 p.m. GMT.

US gold futures also fell 0.25% to $2015.50.

Gold has closed lower in the past two sessions as the rival safe-haven dollar hit a one-week high, making bullion less attractive to buyers holding other currencies.

US Treasury Secretary Janet Yellen said there was still uncertainty about when the cash needed to pay down public debt would run out, and the date could be June 1.

Gold typically makes gains during times of economic or financial uncertainty.

Read the Latest World News Today on The Eastern Herald.

For the latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and Twitter. To show your support click here.


Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Public Reaction



Subscribe to our Newsletter

- Gain full access to our premium content

- Never miss a story with active notifications

- Exclusive stories right into your inbox