Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Gold prices rose in early European trading on Tuesday (1/21), following President Donald Trump's inauguration on Monday and his announcement to raise taxes on Mexico and Canada early next month. Although Donald Trump refrained from directly hitting China with import levies. Trump has proposed tariffs of up to 10% on global imports, 60% on Chinese goods, and a 25% surcharge on Canadian and Mexican products. Source: Newsmaker.id
Silver prices (XAG/USD) rose slightly on Tuesday (1/21). Although there are tariff concerns, especially after the inauguration of President Trump, it is indicated that the premium for silver futures will increase as traders prepare for potential disruptions. However, the results of the report that Trump delayed new tariffs as pressure and reduced the silver price premium, thus having a positive impact on silver. Source: Newsmaker.id
Gold prices rose early in Asia on Tuesday (1/21), following President Donald Trump's inauguration on Monday and his statement to refrain from imposing massive trade tariffs on China and other countries on his first day in office, which weakened the U.S. dollar. Fears of a full-blown trade war eased somewhat, with Trump instead ordering his administration to address unfair trade practices globally and investigate whether Beijing has complied with agreements signed during his first term. Source: Newsmaker.id
Silver prices started to move up at the beginning of the European session on Monday (20/1), this was driven by the US Dollar (USD) factor which attracted new sellers and eroded most of Friday's positive movement amid speculation that the Federal Reserve (Fed) will cut interest rates twice this year. Meanwhile, at this time investors may also refrain from using aggressive tactics and choose to wait for Trump's inauguration speech. At the time of this news release, Gold was at the level of $30,380 Source: Newsmaker.id
Gold risks appear skewed to the upside ahead of Trump's inauguration, as investors brace for policy changes that could have economic implications, said Pepperstone research strategists. Trump's executive orders are likely to dictate gold's direction in the coming weeks, he added. Gold is already up 3% YTD, above $2,700, amid political and trade uncertainty. If Trump imposes tariffs that disrupt trade flows and increase economic volatility, gold's role as a safe haven asset will be strengthened. Source: Newsmaker.id