Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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Congressional leaders on both sides of the aisle failed to reach a consensus on raising the debt limit on Tuesday. What’s gold to do with it?
A troy ounce of the yellow metal topped $2,020 earlier today as gold bugs await the latest inflation figures.
The precious metal is patiently waiting right at the $2,000 mark as the US prepares to release jobs data.
The precious metal dropped 2% to start the month but pared back losses and remained steady on Tuesday.
Panic around the banking sector boosted the yellow metal’s price all throughout the month of March.
Traders are taking a break from the bullion as appetite for riskier assets improves and bank worries ease.
The precious metal extended its post-Fed rally on Thursday, but prices were muted in early Friday deals.
The precious metal drifted lower from a 12-month high above $2,000 as bank sentiment improved.
The precious metal is looking bright this week as investors bet on its safe-haven allure amid bank woes.
A sweeping rise in Treasury bond yields pressured the precious metal after a four-day winning streak.
Key economic data might challenge the short-term bullish sentiment as February’s jobs report arrives.
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