Gold has faced pressure for a second consecutive decline, primarily due to optimistic sentiments surrounding the strengthening U.S. dollar as markets react to anticipated expansionary policies from Donald Trump.
Market participants are closely monitoring U.S. inflation data and Federal Reserve speeches from key figures like Fed Chair Powell, which may influence interest rate trajectories and, consequently, gold demand.
The anticipated policies from Trump—such as tax cuts and increased tariffs—could lead to a cautious Federal Reserve that may modify its approach to rate cuts, impacting gold's market position.
Despite the current pressures, gold is likely to remain a favored safe-haven asset in the medium to long term, particularly in the face of ongoing trade and geopolitical uncertainties.
Collection
[
|
...
]