![The F-35’s future: The power and cooling competition that could change everything [Video]](https://breakingdefense.com/wp-content/uploads/sites/3/2024/09/240924_F35_moon_USAF-scaled-e1727200160419.jpg?#)
Gold edges lower as haven demand from Moody’s downgrade fades
Gold edged lower as the haven-demand boost from Moody’s Ratings downgrade of the US faded, and attention turned back to the easing of trade tensions between the two largest economies. Bullion traded around $3 220 an ounce after rising 0.8% on Monday. There was a generally risk-on tone to wider financial markets, with stocks in Asia poised to track Wall Street higher, a negative for gold that usually benefits from pessimism over the economy.
Gold edged lower as the haven-demand boost from Moody’s Ratings downgrade of the US faded, and attention turned back to the easing of trade tensions between the two largest economies.
Bullion traded around $3 220 an ounce after rising 0.8% on Monday. There was a generally risk-on tone to wider financial markets, with stocks in Asia poised to track Wall Street higher, a negative for gold that usually benefits from pessimism over the economy.
