Gold prices ticked up in early Asian trade on Thursday, helped by a softer dollar, but were stuck in a tight range as traders focused on the U.S. debt ceiling vote.
Spot gold XAU= edged up 0.2% to $1,965.61 per ounce by 0008 GMT. U.S. gold futures GCcv1 rose 0.2% to $1,965.20.
The dollar index .DXY eased from a more than two-month high, making bullion less expensive for overseas buyers. USD/
A bill to suspend the U.S. government’s $31.4 trillion debt ceiling and avert a disastrous default cleared a key procedural hurdle in the House of Representatives on Wednesday, setting the stage for a vote on the bipartisan debt deal itself.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.