Gold prices exhibited solidity as the US dollar declined, with investor focus on Donald Trump’s inauguration. The policymaker's actions could greatly shape inflation dynamics and Fed policies.
Economic indicators present a mixed picture, suggesting subdued core inflation and weaker producer prices. This could lead the Fed to consider further interest rate cuts to stimulate growth.
Fed Governor Christopher Waller emphasizes that the central bank's focus will remain on inflation trends, which might create supportive conditions for gold amidst potential rate cuts.
Central banks' continued demand for gold alongside lingering economic uncertainties and trade policy shifts may elevate gold's safe-haven appeal despite reduced geopolitical tensions.
Collection
[
|
...
]