Back 23 May 2025

Gold heads for best week in more than a month on US fiscal worries ​  

Summary: Gold prices rose 0.3% to $3,303.92 per ounce, driven by a weaker dollar and growing concerns about the US fiscal outlook. The Republican-controlled House passed a tax and spending bill, adding to the national debt, while weak bond demand and Moody’s credit rating downgrade further fueled investor uncertainty.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-heads-best-week-more-month-us-fiscal-worries