Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Gold prices found some support above the $3,200 level and pared some of its modest intraday losses, although its upside potential appears limited. The US dollar (USD) fell to a near two-week low amid speculation that the Federal Reserve (Fed) will cut interest rates further in 2025, which turned out to be a key factor offering some support to the non-yielding yellow metal. Source: Newsmaker.id
Silver (XAG/USD) is trading lower after Moody's or Financial Survey Institution downgraded the US credit rating one notch from Aaa to Aa1 citing soaring debt levels and rising interest payments. This follows similar downgrades by Fitch Ratings in 2023 and Standard & Poor's in 2011.As of this writing, Silver is trading at $32,181 Source: Newsmaker.id
Gold weakened at the start of the Asian session on Tuesday (20/5). Currently, the price of Gold fell slightly as demand for safe assets from Moody's downgrade for the US faded, and attention returned to easing trade tensions between the two largest economies. The precious metal strengthened at the start of the year as President Donald Trump's aggressive trade policies rattled global markets, but its gains have reversed in May as he stopped or withdrew many of his tariff threats. However, gold is still up more than a fifth this year, and is unlikely to experience a sharp decline due to the...
Silver (XAG/USD) traded slightly higher on Monday (5/19) as broader US dollar weakness fueled demand for alternative safe haven assets. The move came in response to Moody's downgrade of the US sovereign credit rating, which has added to market concerns over fiscal sustainability and long-term growth prospects. Source: Newsmaker.id
Gold rose on Monday (5/19) as the dollar slumped after Moody's Ratings removed the US's last top credit rating due to ballooning debt and deficits. Moody's blamed successive administrations and Congress for a ballooning budget deficit that it said showed no signs of abating. And there are concerns the situation could get worse, with Republican lawmakers discussing President Donald Trump's tax and spending package. Source: Newsmaker.id