Gold Steady as Traders Assess Trump's Inauguration Speec
Gold is steady in the early Asian session as traders assess U.S. President Trump's inauguration speech. Trump said he plans to sign executive orders to overhaul border and energy policies and end diversity programs across the federal government, but refrained from immediately implementing new tariffs on Monday.
The news seems to be easing headwinds for the broader commodity complex, ANZ Research analysts say in a research report. This has offered a "moment of relief" to commodity markets which have been worried about the economic impact of such tariffs, the analysts add.
Spot gold is little changed at $2,710.04/oz.
Source : Dow Jones Newswires