<ul><li>Gold bounced back after its biggest weekly decline in six months, rising as much as 1.3% to around $3,245 an ounce in early Asian trading.</li><li>Moody's downgraded the US government's top credit rating from Aaa to Aa1, citing the inability to cut the budget deficit, leading to increased demand for haven assets like gold.</li><li>Gold has been volatile recently, experiencing its largest weekly loss since November last week due to easing geopolitical tensions, despite climbing above $3,500 an ounce for the first time last month.</li><li>Currently, gold is trading 1.2% higher at $3,231.13 an ounce, driven by geopolitical and economic uncertainties, trade tensions, and inflows to exchange-traded funds.</li></ul>

Gold Gets Bounce From Moody’s US Downgrade After Big Weekly Drop

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