Weekly Commodities Fundamental Report – 3 June 2023

Gold: Weeks after the yellow metal had seen consecutive lower closings, gold prices rallied and managed to conclude the week with minor gains of 0.2 percent. This week, prices started off on a higher note, rising 1% as they recovered from their lowest level in more than two months as the dollar retreated from recent highs, while concerns about the US debt ceiling negotiations kept investors on edge and revived demand for the safe-haven metal.