Moody's downgraded the US rating outlook to “negative.” This matter hasn't come to an end. We haven't started trading in our country yet, but we have to keep an eye on it.
First, it depends on the trend of international capital. If there is an influx of safe-haven funds, there is a possibility that the price of gold will still increase. In previous years, there is still a possibility that it will flow to Europe and our country. Europe has now been tormented by the Russian-Ukrainian conflict, but there is still a large inward outflow here due to well-known reasons. There is also a large inward outflow here. This is not very likely to increase positions in reverse.
Second, it depends on the reflection of US debt. The reason behind the current high interest rate on US bonds is because of weak demand for US bonds, which causes prices at the time of monetization to drop. If it affects the US bond market, it will have a significant negative impact on the new issuance of US bonds in the future. The US Treasury will have to use higher interest rates to pay off new and old bonds. This will accelerate the rate of interest expenditure on US bonds, which will further weaken the influence of the US dollar's hegemony.