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Indonesia News Portal for Traders | Financial & Business Updates

7 January 2025 19:47  |

Gold prices firm amid US tariff plan expectations

Gold prices (XAU/USD) barely moved and remained around $2,640 on Tuesday. Markets were jittery over a series of recent comments and headlines about US tariff plans that President-elect Donald Trump wants to impose

There was a brief moment of relief on Monday after the Washington Post shared an article claiming that Trump was considering imposing modest universal tariffs on essential imports. After President-elect Trump quickly dismissed the headlines, gold prices returned to the levels they opened the week at.

Tuesday seems to be no different, with gold prices at similar levels. Meanwhile, more risk assets are surging, with Bitcoin back above $101,000. US yields are also surging, with the benchmark 10-year at 4.62%, close to a fresh eight-month high.

Source: FXStreet

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