Gold Price Forecast: Dispute over US debt ceiling likely to shore up XAU/USD – Commerzbank Gold XAUUSD UnitedStates Banks
The US debt ceiling farce continues. Economists at Commerzbank analyze the implications for Gold price.“In view of the ongoing dispute over the US debt ceiling, thewill probably hold its own above the $2,000 mark for the time being, living up to its reputation as a safe haven.”
“According to Treasury Secretary Janet Yellen, the deadline is 1 June. If the parties fail to reach agreement by then, the treasury risks running out of money on that day. Equally, the precious metal can be expected to decline if the conflict were to be resolved.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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