Rising U.S. debt levels, credit downgrades, and trade uncertainty have weakened the dollar’s safe-haven appeal, driving investors toward more stable alternatives. Gold surged as fiscal concerns deepened, with its appeal as a safe-haven asset reinforced by a weakening dollar. Meanwhile, oil prices retreated under pressure from anticipated OPEC+ supply increases.
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Investors Flee Dollar amid Rising U.S. Debt and Seek Safer Havens