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Moody's Downgrade Triggers Yet Another Gold Rally--Are Miners the Next to Pop?
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Gold (XAUUSD) Price Forecast: Breakout Above $3,310.48 Could Target $3,435.06 and $3,500.20
Dollar Slides as Moody’s Downgrade Shakes Confidence The U.S. dollar index (.DXY) slipped to a two-week low following Moody’s downgrade of the U.S. government’s credit rating last Friday. The downgrade cited rising fiscal risk and projected deficit expansion under President Trump’s proposed tax cuts. UBS analysts noted that the downgrade triggered a fresh round of dollar selling, supporting gold by making it more attractive to foreign buyers. In…
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