Gold News – 20.Jan.2025
Gold News
Gold Prices: Gold rose to $2,711.29 per ounce on Monday, supported by a weaker dollar, while U.S. gold futures traded at $2,752.40.
Key Drivers: Investors are awaiting Donald Trump’s inauguration speech for clarity on trade policies, inflation outlook, and the Federal Reserve’s future interest rate decisions.
Dollar Impact: A weaker dollar boosts gold’s attractiveness to foreign buyers.
Market Expectations: Analysts suggest conciliatory trade policies could ease inflation concerns, supporting gold prices. Conversely, Trump’s proposed tariffs may drive inflation, enhancing gold’s safe-haven appeal.
Goldman Sachs Forecast: The bank predicts long-term gold prices at $3,000 per ounce by mid-2026, citing central bank demand but fewer Fed rate cuts in 2025.
Fed Rate Outlook: The Fed is expected to hold rates steady on Jan. 29, with possible cuts in March, further supporting gold.
Other Precious Metals: Silver rose to $30.39, palladium to $949.05, while platinum fell to $938.93.
Middle East Ceasefire: Gold prices eased recently due to reduced geopolitical tensions after a ceasefire agreement between Israel and Gaza.
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
