Gold prices fell on Friday but held around $2,700 as markets reacted to the implications of Donald Trump's presidency and the Fed's latest interest rate decision. The Fed cut interest rates by 25 basis points as expected on Thursday, while signaling a cautious and considered stance on any further rate cuts. However, markets are pricing in higher rates from the Fed, as the new US president's policies—focused on raising tariffs, cutting taxes and deregulation—are expected to widen deficits and fuel inflation.
Meanwhile, demand for gold remains strong. The World Gold Council reported that global physical gold-backed exchange-traded funds saw inflows for the sixth straight month in October. Additionally, gold prices may get an extra boost from China's new stimulus measures aimed at raising the debt ceiling of local governments to 35.52 trillion yuan, allowing them to issue an additional six trillion yuan in special bonds over three years to swap out hidden debt.
Source: Trading Economics
Gold edges lower in the early Asian session amid lingering worries over China's Finance Ministry ending of a tax incentive for sales of the precious metal, effective Nov. 1. "The new rules may potent...
Gold prices held near $4,000 an ounce after a weak start on Monday, as China ended long-standing tax breaks for some retailers. This change could weigh on demand in one of the world's largest precious...
Gold prices rose on Monday (November 3), boosted by expectations of further US interest rate cuts following comments from the US Federal Reserve Board's Christopher Waller, although a stronger dollar ...
China ended a long-standing tax exemption policy for some gold retailers on Saturday, potentially discouraging purchases of the precious metal in the world's largest consumer market. Beijing will rem...
Gold prices fell early in the Asian session after China's Ministry of Finance ended tax incentives for precious metal sales as of November 1st. This decision surprised the market, as the previous rule...
The Reserve Bank of Australia (RBA) decided to maintain the cash rate at its current level following its November policy meeting. The RBA assessed that despite improving financial conditions, inflationary pressures remain in the economy,...
Silver prices edged higher today after previously surging to their highest level in over a decade, driven by two main factors: strong industrial demand (particularly from the solar and electronics sectors) and a multi-year supply deficit....
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...