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Gold Gains as Dollar Slides Following Moody’s US Downgrade
Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits.Most Read from BloombergAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike,
Gold heads for back-to-back gains with Moody's credit downgrade a source of 'investor angst'
"The Moody’s credit downgrade of the U.S. was a major source of uncertainty and investor angst to start the week and subsequently proved to be a bullish influence on gold as safe-haven money flows picked up considerably,
Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S.
Gold price (XAU/USD) prolongs the uptrend for the fourth consecutive day and climbs to a nearly two-week high, around the ...
Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising ...
Gold prices rose to a two-week peak on Thursday as investors leaned toward the safe-haven asset amid mounting concerns over ...
Khaleej Times on MSN34m
Dubai: Gold prices rise above Dh400 per gram again, hit 2-week highThe reason behind sustained gold purchases is largely tied to rising global debt levels and ongoing geopolitical tensions, ...
Gold price rises as dollar weakens, Moody’s downgrade fuels demand. Traders eye breakout above $3,238 for bullish momentum in ...
So, Moody’s downgraded U.S. sovereign credit rating from AAA to AA1, which means that the U.S. debt is no longer top-rated.
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 ...
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