New Straits Times on Nostr: Gold firms on risks posed by Trump's imminent policies ========== Gold prices ...
Gold firms on risks posed by Trump's imminent policies
==========
Gold prices increased on January 8, 2025, with spot gold rising 0.2% to US$2,653.35 per ounce and U.S. gold futures up 0.1% to US$2,667.20. The rise is attributed to concerns over President-elect Donald Trump's proposed tariff plans and potential trade wars, which are expected to be inflationary. Trump is set to be inaugurated on January 20, 2025. Analysts, including Ole Hansen from Saxo Bank, suggest that these risks could bolster gold's status as a safe-haven asset. The market is also awaiting U.S. economic data, including ADP employment numbers and the Fed's December meeting minutes, which could influence interest rate expectations for 2025. Following three rate cuts in 2024, the Fed anticipates two more cuts in 2025, with markets currently expecting 38 basis points of easing this year.
#Gold #Trump #Economy #Tariffs #Inflation #InterestRates #SafeHaven #UsFederalReserve #MarketAnalysis #CommodityPrices
https://www.nst.com.my/business/economy/2025/01/1158194/gold-firms-risks-posed-trumps-imminent-policies
==========
Gold prices increased on January 8, 2025, with spot gold rising 0.2% to US$2,653.35 per ounce and U.S. gold futures up 0.1% to US$2,667.20. The rise is attributed to concerns over President-elect Donald Trump's proposed tariff plans and potential trade wars, which are expected to be inflationary. Trump is set to be inaugurated on January 20, 2025. Analysts, including Ole Hansen from Saxo Bank, suggest that these risks could bolster gold's status as a safe-haven asset. The market is also awaiting U.S. economic data, including ADP employment numbers and the Fed's December meeting minutes, which could influence interest rate expectations for 2025. Following three rate cuts in 2024, the Fed anticipates two more cuts in 2025, with markets currently expecting 38 basis points of easing this year.
#Gold #Trump #Economy #Tariffs #Inflation #InterestRates #SafeHaven #UsFederalReserve #MarketAnalysis #CommodityPrices
https://www.nst.com.my/business/economy/2025/01/1158194/gold-firms-risks-posed-trumps-imminent-policies