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Indonesia News Portal for Traders | Financial & Business Updates

23 January 2025 18:03  |

Gold Edges Lower as Traders Watch for Tariff News, US Jobs Data

Gold slipped after hitting a two-month high, as traders turn to US jobs data later on Thursday and await further news on President Donald Trump’s plans for sweeping trade tariffs.

Bullion edged 0.2% lower to around $2,750 an ounce, roughly just $40 short of its all-time high and still set for a fourth straight weekly gain. Prices are supported by increasing haven demand as investors weigh the new administration’s potentially fraught relations with other countries. 

The president has identified China, the EU, Canada and Mexico as potential targets for import levies, though there is uncertainty over whether he will follow through with the threats. 

Source: Bloomberg

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