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Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S. government's credit rating.
Credit rating agency Moody’s has downgraded the sovereign U.S. credit rating from Aaa to Aa1 while changing its outlook from negative to stable. After the downgrade, the U.S. lost its only remaining ...
Moody's US debt downgrade and fiscal concerns reinforce gold's potential as a safe haven. Discover why gold could surpass ...
Gold price stalls at $3310.48 pivot as traders await breakout. Fiscal fears and weak dollar keep bullish outlook alive with ...
(Bloomberg) -- 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. Moody’s blamed successive ...
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 ...
which serves as the canary in the coal (gold?) mine. Summing up, while Moody’s downgrade caught investors’ attention, it seems to be just a blip on the radar screen, and the moves that it ...