• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

20 January 2025 12:37  |

Gold Edges Up as Trump Inauguration Eyed

Gold traded above $2,700 per ounce on Monday, erasing early-trading losses, as investors geared up for President-elect Donald Trump’s inauguration later today. His proposed trade tariffs are expected to fuel inflation and potentially trigger trade wars, which could boost gold’s appeal as a hedge against inflation.

Last week, a benign reading on U.S. core inflation, along with softer-than-expected producer price inflation and retail sales data, revived expectations of further rate cuts by the Federal Reserve this year. Lower rates reduce the opportunity cost of holding non-interest-bearing gold, making it more attractive.

However, easing tensions in the Middle East dampened demand for safe-haven assets, after Israel released the first batch of 90 Palestinian prisoners on Sunday in exchange for three hostages freed from Gaza, which marked the start of a ceasefire after 15 months of war.

Source : Trading Eonomics

Related News

GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise, Kicking Off 2025 on a Positive Note

Gold futures rose, kicking off the new year on a positive note. Gold futures were up 0.3% at $2,647.90 a troy ounce. The mark...

2 January 2025 16:15
GOLD

Gold Prices Down amid Stronger USD; Focus Remains on FOMC D...

Gold (XAU/USD) prices attracted some sellers heading into the European session on Tuesday (17/12) and retraced closer to the ...

17 December 2024 14:39
GOLD

Gold Prices Drop on Middle East Ceasefire

Gold prices (XAU/USD) fell during the North American session on Monday (11/25) as news of a ceasefire between Lebanon and Isr...

26 November 2024 06:51
BIAS23.com NM23 Ai