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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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💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
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📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.