May 19, 2025

Dollar Eases After 4-Week Rally Amid Market Adjustments

Tokyo: The US dollar trimmed its gains at the start of Asian trading on Monday, following a four-week rally, as markets digested the surprise downgrade of the US government credit rating, while persistent trade tensions weighed on investor sentiment.

Dollar Eases After 4-Week Rally Amid Market Adjustments

Tokyo: The US dollar trimmed its gains at the start of Asian trading on Monday, following a four-week rally, as markets digested the surprise downgrade of the US government credit rating, while persistent trade tensions weighed on investor sentiment.

Gold Rises on Softer Dollar

Doha: Gold prices climbed on Monday as a softer dollar and renewed trade tensions fueled safe-haven demand. Spot gold was up 0.7% at $3,223.55 an ounce, and US gold futures gained 1.3% to $3,228.70.

According to Qatar News Agency, gold shed more tha…