Gold steadies as traders weigh outlook for Fed rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
Gold bullion prices set a new intraday record of $1,625 per ounce in Wednesday’s Asian trade – 1.5% up on Friday’s close – before easing back slightly after London opened.
Stocks and commodities fell but US Treasury bonds were up, as the US Congress had to postpone a vote on the $14.2 trillion debt ceiling.
Image of Johh Boehner, Speaker of the United States House of Representatives
