The downgrade dropped Israel by two notches, from A2 to Baa1—the country's lowest score ever—and maintained a negative outlook for its rating.
While it cited intensified geopolitical risk as the key driver in this ratings decision, the agency painted a complex and bleak picture of Israel's economic and political future.
Gold prices rebound as U.S. GDP exceeds expectations, while a 5.5% drop in pending home sales pressures the market. Silver rises, bolstered by Vizsla’s high-grade discovery.
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