• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

15 November 2024 16:23  |

Gold Futures Stabilize After Trump Win Sparked Selloff

Gold futures are broadly flat at $2,573.00 a troy ounce, stabilizing after more than a week of losses. Futures are down 4.9% on week. Gold has been weighed down by a rising U.S. dollar, retreating from an all-time high of $2,801.80/oz set in late October.

The dollar rally was ignited by Donald Trump's victory in the U.S. presidential elections, say BMI analysts. The surge in dollar strength, coupled with uncertainty over the pace of Federal Reserve interest-rate cuts after Trump's win acted as a headwind to gold, BMI says. The Fed is now unlikely to ease monetary policy as much as the market had hoped for given Trump's inflationary policies, adding further pressure to gold prices. Higher interest rates typically dampen the appeal of non-interest-bearing bullion. ( \n This email address is being protected from spambots. You need JavaScript enabled to view it. )

Source : Dow Jones Newswires

Related News

GOLD

Dollar rally pushes gold to near two-month low as traders aw...

Gold prices fell to nearly a two-month low on Tuesday in the face of a stronger dollar, optimism about economic growth under ...

13 November 2024 03:39
GOLD

Emas Bertahan Di Level $2730an di Sesi Tengah Hari AS

Harga emas stabil pada Senin (4/11), di tengah kehati-hatian investor menjelang pemilu Amerika Serikat (AS) dan keputusan suk...

4 November 2024 23:12
GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
GOLD

Global uncertainties propel gold to record high, silver soar...

Normal 0 false false false EN-US X-NONE X-NONE ...

21 October 2024 18:55
BIAS23.com NM23 Ai