Gold rises weakly in anticipation of decisions on the ceiling of the US national debt

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The price of gold rises slightly on Monday evening, investors are waiting for decisions on the ceiling of the US government debt, according to trading data and analysts’ comments.

As of 18.03 Moscow time, the price of the June futures for gold on the New York Comex exchange grew by a symbolic $0.1, or 0.01%, to 2019.9 dollars per troy ounce. July silver futures rose 0.24% to $24.212 an ounce.

Investors continue to assess the situation around the US government debt. Earlier, President Joe Biden said he was optimistic about the prospects for reaching an agreement on raising the national debt ceiling and plans to talk on this issue with congressional leaders on Tuesday.

“This week the focus will be on talks between the White House and Congress to raise the US national debt ceiling,” said Jim Wyckoff, senior analyst at Kitco Metals, MarketWatch.

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