The price of gold bounces above $ 3,200 as the Moody’s Downgrade promotes the demand for safe refuge

• Gold wins for safe refuge flows while DXY falls 0.47% to 100.50; The Xau/USD recovers the key level of $ 3,200.
• Moody’s reduces US credit rating to AA1, citing long -term fiscal inaction; Treasury yields remain stable, the USD weakens.
• The call between Putin and Trump adds a geopolitical layer; Operators prepare for a week occupied with Fed speeches and key US data.

The price of gold cut some of the losses last Friday, rising through the demand for safe refuge after the reduction of Moody’s to the solvency of the United States (USA). The action of the qualification agency undermined the US dollar and sent the Xau/USD above the figure of $ 3,200 after bouncing from minimums of $ a day of $ 3,202.

On Friday, the Moody’s International Qualification Agency modified its qualification of the US Government of AAA to AA1. They stressed that more than a decade of inaction by successive administrations and the US Congress has contributed to the deterioration of the country’s fiscal position, generating concerns about the sustainability of long -term debt.

The US dollar index (DXY), which tracks the performance of the US currency compared to six others, fell 0.47% to 100.50. Although it remains away from the daily minimums of 100.06, operators seeking security have moved to the yellow metal.

The US Treasury Secretary, Scott Besent, said Sunday that tariffs imposed on April 2 in some countries could be reinstated if they do not negotiate in favorable terms.

Recently, Ria revealed that the call between Russian President Vladimir Putin and US President Donald Trump has concluded, lasting more than two hours. Putin said the call was very informative and useful.

This week, the operators will be attentive to the Speeches of the FED, the preliminary PMIS, the housing data and the data of initial unemployment applications.

What moves the market today: gold rises despite the hard line comments of the FED officials

• The yields of the US Treasury bonds had risen due to the actions of Moody’s, but are away from the daily peaks, with the 10 -year Treasury bonus yield of the US 10 years in around 4,481%, uploading almost four basic points (PBS). Meanwhile, the real US yu.
• The president of the Fed of Atlanta, Raphael Bostic, said that the treasure bond market is working well and that it favors a cut of interest rates, since it will take time to understand the impact of tariffs.
• New York Fed president John Williams said recent economic data have been excellent. As for monetary policy, he said they are at a good pace, adding that they can take their time to make the appropriate monetary policy decision.
• The Vice President of the Fed, Philip Jefferson, said that the impact on the Fed mandate is “in the mind” and added that the risks for the double mandate of the Fed are balanced. He pointed out that although tariffs could trigger a specific price increase, the Fed needs to ensure that this is not sustained.
• The main banks are convinced that the yellow metal will continue to recover from next year. Goldman Sachs predicts that the ingot will average $ 3,700 for the end of the year, and then reach $ 4,000 in mid -2026.

XAU/USD technical perspective: double roof at risk of being canceled

The price of gold is being negotiated at the top/lower part of the figure of $ 3,200, unable to break the figure of $ 3,300 in the last five days of negotiation. Downwards, the stage is the same, with the Xau/USD remaining above $ 3,150 and also above the simple mobile average (SMA) of 50 days of $ 3,168.

For an upward continuation, the gold must exceed the figure of $ 3,300, so that buyers can challenge the last ranging of $ 3,438, held on May 7. The additional resistance is around $ 3,500. On the contrary, if the Xau/USD remains below $ 3,250, the next support level would be $ 3,200, followed by the 50 -day SMA. A rupture of this last will expose $ 3,100.