Reported about 10 hours ago
Gold prices rose as the dollar fell following Moody's downgrade of the US government's credit rating from Aaa to Aa1, citing the government's ongoing budget deficit issues. The decline in the dollar typically boosts gold prices, making it cheaper for international buyers. Despite recent volatility, including a significant weekly loss, gold has still seen a notable rise this year due to various global factors. Experts anticipate continued fluctuations in gold prices influenced by both positive and negative news.
Source: YAHOO