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Indonesia News Portal for Traders | Financial & Business Updates

8 January 2025 07:56  |

Gold Prices Rise Amid Risk-Averse Sentiment

Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said.

With Trump’s upcoming inauguration, gold prices have been boosted by risk-averse sentiment, CITIC Futures analysts wrote in a note. In the coming weeks, investors will be watching Trump’s policy announcements, particularly around tariffs, as a key catalyst for gold.

Spot gold prices rose 0.1% to $2,650.89/oz.

Source: Bloomberg

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