Gold is heading for one of its biggest annual gains this century, with a 27% advance that's been fueled by US monetary easing, sustained geopolitical risks, and a wave of purchases by central banks. While bullion has ticked lower since Donald Trump's sweeping victory in November's US presidential election, its gains over 2024 still outstrip most other commodities. Base metals have had a mixed year, while iron ore has tumbled, and lithium's woes have deepened. The varied performances over 2024 highlight the absence of a single, over-riding driver that's steered the complex's...
Silver price (XAG/USD) recovers its recent losses from the previous session, trading around $29.50 per troy ounce during the Asian hours on Monday. However, trading volume is lighter than usual ahead of the New Year holiday. The safe-haven Silver appreciates as traders anticipate signals regarding the United States (US) economy under the President-elect Trump administration and the Federal Reserve's (Fed) interest rate outlook for 2025. The potential for Donald Trump's tariffs and trade policies could trigger trade conflicts, increasing the risk aversion sentiment and supporting the demand...
Gold prices (XAU/USD) recovered recent losses from the previous session, despite lower trading volumes on Monday than usual ahead of the New Year holiday. Safe-haven Gold gained upside support as markets anticipate signals on the US economy under the incoming Trump administration and the Federal Reserve's (Fed) interest rate outlook for 2025. Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk aversion sentiment. However, the prospect of fewer Fed rate cuts in...