Gold Shines Brightest in Over a Month as U.S. Fiscal Woes Deepen

Gold Shines Brightest in Over a Month as U.S. Fiscal Woes Deepen

Gold prices were poised on Friday for their best weekly gain in more than a month, as a softer U.S. dollar and mounting concerns over the deteriorating fiscal outlook for the world's biggest economy boosted bullion's safe-haven appeal. Spot gold was up 0.3% at $3,303.09 an ounce, as of 0404 GMT. Bullion has risen 3% so far this week and is on track for its best weekly performance since April 7. U.S. gold futures added 0.2% to $3,302.80. The doll…

Gold is the safe-haven of choice with U.S. debt back in focus – by Daid Erfle (Kitco News – May 23, 2025)

https://www.kitco.com/ Late last Friday, Moody’s Investment Service joined all the other credit rating agencies in downgrading U.S. debt from Aaa to Aa1, limiting some super-safe money funds from investing in America. The move also signals the formerly risk-free U.S. debt market is no longer risk-free, and that gold is now the lone safe-haven of choice. ...

Precious metal prices were heading for their best week of the last six, driven by the global weakness of the dollar

Gold prices climbed 1% on Friday, heading for their strongest weekly gain in six weeks.

Share via: Facebook X LinkedIn WhatsApp Pocket Messenger Copy Link Telegram Email More Gold Rises 1%, Set for Best Week in Six Amid Weaker Dollar and U.S. Fiscal Concerns GoldRead More...

Gold rises, set for weekly gain as US fiscal woes boost appeal

Trump's sweeping tax-cut bill passes US House, on way to Senate

Gold price solidly up on safe-haven buying ahead of long U.S. weekend

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.