Gold News – 13.Jan.2025
Gold News
Gold Prices: Steadied at ~$2,685 on safe-haven demand amid uncertainty surrounding Trump’s policies.
Trump’s Impact: Proposed tariffs could spark trade wars and inflation, benefiting gold as a hedge.
U.S. Jobs Data: A stronger-than-expected jobs report highlighted a robust labor market, boosting the dollar and weighing on gold.
Market Performance:
Spot gold fell 0.1% to $2,688.19 per ounce.
U.S. gold futures dropped 0.1% to $2,713.10.
Fed Policy Outlook:
Traders expect the Fed to hold rates in January and only one rate cut in June.
Higher interest rates reduce gold’s appeal as a non-yielding asset.
Inflation Data Focus: U.S. CPI data and Fed officials’ speeches later this week are crucial for gauging monetary policy direction.
Market Sentiment: Weaker U.S. economic data could ease the dollar’s rally and Treasury yields, potentially benefiting gold.
Other Metals:
Spot silver dropped 0.6% to $30.21.
Platinum decreased 0.3% to $962.30.
Palladium rose 0.3% to $950.75.
Analyst Outlook: Investors brace for potential market volatility as Trump’s economic policies unfold.
Author : Arman Shaban
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