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- Gold futures declined for the second time in three sessions
Gold futures declined for the second time in three sessions
Gold
futures declined as the U.S. House of Representatives plans a vote today to
temporarily suspend the nation’s borrowing limit and amid concern that demand
is slowing in
The House
is expected to pass legislation that would suspend the government’s $16.4
trillion debt limit until May 19. At that point, the
Since 1960,
Congress has raised or revised the debt limit 79 times, including 49 times
under Republican presidents, according to the Treasury Department. Lawmakers
have until March 1 before automatic spending reductions will start and until
the end of that month to pass a bill to fund the government.
Gold
futures for February delivery fell to $1,683.10 an ounce on the Comex in
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