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Gold Hits Two-Week High on US Debt Concerns, Bonds Soft Demand Singapore, 22 May (ONA) — Gold prices today rose to a two-week peak as investors leaned toward the safe-haven asset amid mounting concerns over the US government’s growing debt and soft demand for 20-year Treasury bonds, highlighting low appetite for US assets.
Spot gold was up 0.7% at $3,336.43 an ounce, after hitting its highest level since 9 May 2025.
US gold futures rose 0.7% to $3,337.60.
The dollar is hovering near a two-week low hit in the previous session, making greenback-priced gold cheaper for holders of overseas currency.
Spot silver rose nearly 1% to $33.66 an ounce, platinum fell 0.4% to $1,072.43 and palladium lost 1.4% to $1,023.50.— Ends/Khalid
