From Investing.com: 2025-05-19 06:13:00

Gold prices initially fell, then rebounded after Moody’s downgraded US credit rating due to budget deficits. Decline last week was driven by investor risk appetite amid progress in US-China negotiations. Weaker US economic data raises expectations of further interest rate cuts, benefiting gold. XAU/USD levels to watch: support at $3,160, resistance at $3,250.

Euro declined against USD due to ECB’s decision not to cut base rate despite economic challenges. ECB President noted euro’s rise against USD reflects loss of confidence in US policies. EUR/USD levels to watch: support at 1.11000, resistance at 1.12500.

Japanese Yen weakened for fifth consecutive session after Japan’s GDP contracted more than expected in Q1 2025. Market focus on upcoming trade figures amid concerns over new US tariff measures. USD/JPY levels to watch: critical support at 144.800.



Read more at Investing.com: Gold Rebounds as Moody’s Downgrade Sparks Fresh U.S. Economic Worries