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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.
Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising ...
10h
Gold prices surged as political tensions in the U.S. and a weakening dollar drove investors toward safer assets. Uncertainty ...
Gold price rises as dollar weakens, Moody’s downgrade fuels demand. Traders eye breakout above $3,238 for bullish momentum in ...
2don MSN
Gold prices edged higher on Monday, finding support from escalating concerns over the US economic outlook and its burgeoning ...
The debt downgrade does nothing to impair the reserve currency status of the U.S. dollar. Given the massive short position on ...
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.
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