Gold futures settled below $2,000 an ounce on Tuesday for the first time since the start of the month. Prices for the yellow metal have pulled back after failing earlier this month to mark a fresh record high. Even so, U.S. “debt ceiling drama” could be supporting gold and preventing a deeper correction, said Craig Erlam, senior market analyst at OANDA. Gold for June delivery
GCM23,
settled at $1,933 an ounce on Comex, down $29.70, or 1.5% for the session. That was the lower most-active contract finish since May 1, FactSet data show.
