Gold price struggles to capitalize on modest intraday gains to $3,250 area

  • Gold price (XAU/USD) attracts buyers during the Asian session on Monday as a surprise downgrade of the US government's credit rating tempers investors' appetite for riskier assets and boosts demand for traditional safe-haven assets. Furthermore, US Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats lends additional support to the bullion.