Gold steadied after its first decline this week, as some traders turned to long-term US government bonds and the dollar instead of the precious metal.

GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world’s biggest economy boosted the metal’s safe-haven appeal.

Gold prices dipped slightly after reaching a near two-week high, pressured by a stronger U.S. dollar but supported by concerns over the country's growing debt and fiscal outlook. Investor uncertainty around U.

Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S. government's credit rating.

Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising government debt and they’ll also look for more progress from President Trump on trade deals as the week kicks off.

Gold climbs past $3,300 as Fed rate cut bets grow; silver nears key $33.23 breakout amid safe-haven flows and market volatility.