Lawmakers averted a U.S. debt default with a last-minute deal, which President Biden intends to sign into law promptly. During the negotiations, investors sought the safety of gold amidst market volatility concerns. However, as the likelihood of passing the debt ceiling deal increases, the impact on gold investors becomes uncertain. We analyze the potential effects of a debt ceiling deal on gold and discuss why it may still present investment opportunities.
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Article Name
Debt Ceiling Deal's Impact on Gold: Insights
Description
Lawmakers averted a U.S. debt default with a last-minute deal, which President Biden intends to sign into law promptly.
Author
Susan Jane
Publisher Name
CBS news
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