Gold Price Surges Past $3,300: Market Reaction to USD Weakness
Gold prices (XAU/USD) continue their upward trend for the third consecutive day, surpassing the $3,300 mark during Wednesday’s Asian session. This notable rise comes amid persistent selling pressure on the US dollar, following recent fiscal concerns that led to a downgrade of the US government’s credit rating. As safe-haven demand increases, investors are keen to assess the implications of this price movement for their portfolios. The current economic landscape reinforces the notion that gold may hold its value as uncertainty lingers in the market.