Gold firms after Moody’s US downgrade, safe-haven demand strengthens

By X-blogger - on May 20, 2025

Gold prices drifted higher, steered by a softer dollar and safe-haven demand after Moody’s downgraded the U.S. government’s credit rating. U.S. gold futures settled 1.5% higher.

The Gold-Dollar price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal.
Support: 3166.7 | Resistance: 3296

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