Edward Moya is a senior market analyst with OANDA. He said that gold futures ended lower on Monday. They held below the $2,000 key level. “Wall Street waits for a meaningful update regarding [U.S.] Debt Ceiling Negotiations and to see just how bad tensions between the U.S. Gold is expected to drift lower until market stress occurs, he added, noting that the meeting between President Joe Biden and House Speaker Kevin McCarthy will take place on Monday afternoon. Gold for June Delivery GCM23 -0.40% closed at $1,977.20 per ounce, down $4.40 or 0.2%.