Trump's policies could fuel dollar gains, with tax cuts and tariffs driving inflation. Fed rate cut odds dip, setting the stage for continued dollar strength.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold paused its decline as markets held their breath ahead of crucial US inflation figures.
Gold prices near $2,612 resistance as dollar strength and inflation impact XAU/USD. Will support levels hold amid market uncertainty?
Hang Seng, Nikkei, and ASX 200 decline as investors eye US-China tensions and central bank moves. Get insights on market dynamics.
Gold and silver are corrects lower on US dollar strength following Donald Trump's victory and find support at the short-term support region.
Gold consolidated in the early Asian session. However, the likelihood of tariffs early in the Trump administration has increased inflationary worries, FlowCommunity said.
Gold's bearish trend deepens as it breaks key support levels, signaling potential for an extended correction to the 2,532 zone.
Phil Streible points to a rise in the U.S. Dollar and yields as the leading cause behind gold's dip in price. However, Phil says that doesn't mean you should take the metal out of your portfolio.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.