Gold prices started the week with a decline in the Asian session on Monday and moved away from its highest level since late October, around $2,786 reached on Friday. The US dollar (USD) strengthened again after President Donald Trump refrained from imposing threatened tariffs on Colombia as the two countries reached a deal on the repatriation of deported migrants. Looking ahead, investors will await the US Central Bank meeting and the possibility that the Federal Reserve (Fed) will keep interest rates steady. Source: Newsmaker.id
Gold prices started the week with a decline in Asia and entered Europe. Driven by dovish global central bank policies, geopolitical risks and stubborn inflation, said Alex Chiu, senior strategist at Value Partners.Strong investment flows, resilient Asian consumer demand and continued central bank buying are likely to offset potential headwinds from an aggressive shift in US monetary policy. With the macroeconomic outlook clouded by recession risks and policy uncertainty, gold's appeal as a safe haven and inflation hedge will maintain its upside through 2025 and beyond, he added. Source:...
Silver prices (XAG/USD) halted their gains on Monday (1/27). The metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...