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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.