U.S. credit‑rating downgrade lifts safe‑haven assets 📈
Gold rebounds 1.6 %, testing resistance around 3,250 USD as investors react to a fresh bout of “Sell USA” sentiment. After a week of uninterrupted gains in U.S. equities, risk appetite faded when Moody’s cut the United States’ sovereign credit rating from AAA to AA.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appKey points from Moody’s assessment
-
Debt‑to‑GDP keeps climbing: The U.S. ratio has risen for more than a decade and already exceeds that of comparable economies (98 % in 2024). Despite the Trump administration’s stated budget‑cut plans, Moody’s projects the ratio will reach 135 % before 2035.
-
Debt‑service costs are ballooning: Rising yields — fueled by trade‑policy turmoil and stagflation worries — are making interest payments an ever‑larger burden. In 2024 interest consumed 18 % of federal revenue, double the 2021 share.
Gold also benefits indirectly from softer momentum in U.S. equities, which opened lower on Monday as investors turned more cautious. Budget Lab estimates at Yale University suggest that, even after the recent easing of U.S.–China tariffs, 40 % of the negative effects of duties in place before 12 May will still be felt in the U.S. economy.
GOLD (D1, H1)
Daily chart: The decline halted at the 50‑day exponential moving average (EMA50, orange) near 3,200 USD/oz.
Hourly chart: MACD and RSI momentum now favors buyers. A key resistance may emerge at 3,270 USD/oz—the area of the EMA200 and the 38.2 % Fibonacci retracement, which also coincides with a previous strong price cluster.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
