On Friday, gold prices remained near two-month lows and were poised for significant weekly declines, driven by apprehensions surrounding the U.S. debt ceiling and anticipation of higher interest rates, prompting investors to shift towards the dollar.
Spot gold dropped by 0.1% to $1,939.70 per ounce, while June gold futures slipped by 0.2% to $1,939.80 per ounce. Both forms of gold were at their lowest levels in two months, having previously fallen below the critical $2,000 per ounce threshold earlier in May.
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