Credit rating agency Moody’s has downgraded the sovereign U.S. credit rating from Aaa to Aa1 while changing its outlook from negative to stable. After the downgrade, the U.S. lost its only remaining top credit rating.
After Moody’s rating cut, gold prices (GCM25) have risen. The precious metal had previously come off its record highs amid a lowering of trade tensions and has now received a new impetus after Moody’s action. In this article, we’ll look at gold’s outlook after Moody’s rating cut and examine whether it can continue to go higher.
