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Gold prices dipped slightly after reaching a near two-week high, pressured by a stronger U.S. dollar but supported by concerns over the country's growing debt and fiscal outlook. Investor uncertainty around U.
Still, gold's outlook remains generally positive given the economic pressures that loom over the US despite its trade truce with China.
Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S. government's credit rating.
Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising government debt and they’ll also look for more progress from President Trump on trade deals as the week kicks off.
Gold climbs past $3,300 as Fed rate cut bets grow; silver nears key $33.23 breakout amid safe-haven flows and market volatility.
On Friday, Moody’s, for the first time in its history, downgraded U.S. government bonds from the gold star rating of “AAA” to “AA1,” the silver medal equivalent. This wasn’t a total ...
Gold prices advance by over 0.50% and remain above the $3,300 mark as traders grow increasingly nervous about the United States (US) tax bill vote, along with escalating tensions in the Middle East. XAU/USD trades at $3,307 after bouncing off a daily low of $3,285.