Gold prices surged on May 23 due to a weakening U.S. dollar and fears over rising national debt, following Moody’s downgrade of U.S. ratings. Domestic gold futures climbed 0.67% to ₹96,235 per 10 grams,

Gold was up more than 5% Friday as Moody’s downgrade of U.S. credit late last week helped boost the precious metal’s haven appeal, lifting prices to their highest leve

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 top credit rating.

Gold price stalls at $3310.48 pivot as traders await breakout. Fiscal fears and weak dollar keep bullish outlook alive with targets at $3435 and $3500.

Wall Street pundits and investors are schizophrenic about the US dollar. The currency weakened after Moody's cut the US credit rating by one notch from Aaa (the highest rating) to Aa1, attributing the downgrade to the increasing fiscal deficit,

The rally comes after Trump dropped another surprise trade bombshell by recommending 50% tariffs on the European Union.

Gold steadied after its first decline this week, as some traders turned to long-term US government bonds and the dollar instead of the precious metal.

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.Most Read from BloombergAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike,

Gold was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world's biggest economy boosted the metal's safe-haven appeal.

Bitcoin has surged to its highest price since January on the back of Moody's downgrade of U.S. federal debt.

Friday fell by -0.87% and posted a 3-week low. The dollar tumbled Friday after President Trump threatened a 50% tariff on goods from the European Union on June 1, saying, "Our discussions with them on trade are going nowhere.

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.