From Yahoo Finance: 2025-05-19 12:22:00

Gold prices rose as the dollar fell after Moody’s Ratings downgraded the US credit rating due to increasing debt and deficits. The precious metal has seen recent volatility, with a significant weekly loss last week but still up over 20% this year. Trump’s policies and diversification away from the dollar are seen as positive drivers for gold. Gold price increased by 0.8% to $3,229.01 an ounce in New York. Silver, palladium, and platinum also saw gains. The situation is expected to remain volatile in the short term, with potential for new highs in the coming years.



Read more at Yahoo Finance: Gold Gains as Dollar Slides Following Moody’s US Downgrade