Gold prices flat as steady dollar counters economic risks

Gold prices remained steady despite wider economic risks and expectations that the Federal Reserve might pause its interest rate-hike cycle as the U.S. dollar edged higher. The greenback-prices of gold fell 0.2% and were listless at $2,011.04 per ounce. U.S. President Joe Biden is expected to meet with congressional leaders on Tuesday to raise the nation's debt limit and avoid a catastrophic default. Safe-haven bullion tends to gain during economic or financial uncertainty, but higher interest rates tend to dim non-yielding gold's appeal.

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