Gold price trades below $1950 ahead of Congress debt ceiling vote and June Fed decision

Gold price trades below $1950 ahead of Congress debt ceiling vote and June Fed decision

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With market expectations leaning towards another rate hike in June and the debt ceiling deal ready for a Congress vote, gold is taking a breather just below $1,950 an ounce. After an eventful weekend, spot gold was steady and flat on the day, last trading at $1,946.50 an ounce. U.S. President Joe…

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