Gold prices held steady early Monday, hovering near recent highs, as markets absorbed the impact of Moody’s downgrade of the U.S. credit rating and renewed trade tensions.
The downgrade has intensified investor concerns over fiscal sustainability, while fresh tariff threats from the Trump administration are reigniting fears of a broader economic slowdown.
The resulting market anxiety has pushed investors toward safe-haven assets like gold. Analysts anticipate continued upward pressure on gold prices if geopolitical risks persist.