According to Wagner, the likelihood that no agreement will be reached in Congress on raising the public debt ceiling is very small: "I don't think we will see a default this year."
As for the situation with gold prices, a market expert said that in past years, the yellow precious metal usually showed an inverse correlation with the US dollar, but last year there were times when both assets moved synchronously in the same direction. Recently, he said, the inverse relationship has resumed, so the strengthening of the US dollar put pressure on the price of gold.
Meanwhile, the historically close correlation of silver to gold has weakened this year as prices for the two precious metals diverged. According to him, a significant rise in prices for precious metals in the near future is unlikely.