📝 NEWS
Gold Prices Rise as Moody’s Downgrades U.S. Credit Rating
- Moody’s downgraded the U.S. credit rating from Aaa to Aa1, citing concerns over high public debt and unsustainable fiscal spending.
- The move boosted demand for safe-haven assets, leading to a weaker U.S. dollar and rising U.S. Treasury yields.
- Spot gold prices rose 0.5% to $3,217.49/oz, while June gold futures gained 1% to $3,220.17/oz.
- Other precious metals also saw modest gains:
- Silver +0.5% to $32.530/oz
- Platinum +0.1% to $991.50/oz
Market Outlook
- In the coming week, the market will closely watch a busy U.S. economic calendar, including:
- Speeches from Federal Reserve officials
- Preliminary PMI data
- Key housing indicators
- These events are expected to influence short-term monetary policy expectations.
Technical View: Gold Poised to Continue Rising
⚠️ Gold is expected to continue its upward trend amid rising trade tensions between the U.S. and China, with little progress in ongoing tariff negotiations.
💡 Short-Term Trade Scenarios:
🚨 SELL XAU : zone 3247-3250
SL: 3255
TP: 50 - 100 - 300pips
🚨 BUY XAU : zone 3188-3191
SL: 3183
TP: 50 - 100 - 300pips
Gold Prices Rise as Moody’s Downgrades U.S. Credit Rating
- Moody’s downgraded the U.S. credit rating from Aaa to Aa1, citing concerns over high public debt and unsustainable fiscal spending.
- The move boosted demand for safe-haven assets, leading to a weaker U.S. dollar and rising U.S. Treasury yields.
- Spot gold prices rose 0.5% to $3,217.49/oz, while June gold futures gained 1% to $3,220.17/oz.
- Other precious metals also saw modest gains:
- Silver +0.5% to $32.530/oz
- Platinum +0.1% to $991.50/oz
Market Outlook
- In the coming week, the market will closely watch a busy U.S. economic calendar, including:
- Speeches from Federal Reserve officials
- Preliminary PMI data
- Key housing indicators
- These events are expected to influence short-term monetary policy expectations.
Technical View: Gold Poised to Continue Rising
⚠️ Gold is expected to continue its upward trend amid rising trade tensions between the U.S. and China, with little progress in ongoing tariff negotiations.
💡 Short-Term Trade Scenarios:
🚨 SELL XAU : zone 3247-3250
SL: 3255
TP: 50 - 100 - 300pips
🚨 BUY XAU : zone 3188-3191
SL: 3183
TP: 50 - 100 - 300pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.