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Indebta > Investing > Gold prices fall back below $2,000, but ‘destined for record price highs’
Investing

Gold prices fall back below $2,000, but ‘destined for record price highs’

News Room
Last updated: 2023/04/30 at 12:58 PM
By News Room
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Gold futures fell back below $2,000 an ounce Wednesday, but stuck to a tight trading range, with one analyst referring to the pullback as a “gift,” with prices “destined” for record highs.

Concerns about the U.S. debt ceiling debate in Congress and weak regional bank earnings and recession fears remain as supportive fundamental factors for prices of the safe-haven metal.

Price action
Market drivers

“Gold…

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News Room April 30, 2023 April 30, 2023
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