Gold prices struggle amidst US debt ceiling vote and Fed decision uncertainty.

Gold prices remain steady just below $1,950 an ounce ahead of the Congress vote on the debt ceiling deal and the Federal Reserve's June rate decision. The new agreement suspends the $31.4 trillion debt ceiling until January 1, 2025, but some members of the Republican hardline Freedom Caucus said they would try to block the deal in a House vote expected Wednesday. Meanwhile, markets are pricing in a 60% chance of another 25-basis-point hike versus a 40% chance of a pause for the June 13-13 Federal Reserve meeting.