Gold prices held steady on Tuesday (1/28) as traders weighed President Donald Trump's latest tariff threats, while clouds hung over the stock market due to a decline in global technology stocks. Bullion was trading near $2,742 an ounce after Trump said he would impose tariffs on steel, aluminum and copper imports, without providing details on the amount. Source: Newsmaker.id
Silver prices hovered around $30.50 an ounce, trading in a narrow range since hitting a one-month high of $30.80 on Jan. 22 as support from speculation of looser monetary policy by the U.S. Fed weighed on waning demand for silver among industrials. The Fed is set to keep interest rates unchanged this week, but investors are hoping that Chairman Powell will refrain from making overly aggressive guidance after the latest CPI data showed weakness in underlying inflation. Source: Newsmaker.id
Gold traded steady after Trump said he had imposed tariffs on steel, aluminum and copper imports, without providing details on the size.The Financial Times reported that Treasury Secretary Scott Bessent is pushing for a universal tariff on U.S. imports to start at 2.5% and rise gradually, citing unnamed sources.Source: Newsmaker.id