GOLD EDGES HIGHER AHEAD OF FED MEETING
Gold prices moved slightly higher on Monday.
Investors are expecting the Federal Reserve to cut interest rates this week.
The market is watching for the Fed's comments on potential rate cuts next year.
Gold prices reached their highest level in over two months on Tuesday. The increase was due to a weaker dollar. Investors turned to gold as a safe-haven asset. The uncertainty around U.S. President Donald Trump's potential tariffs added to the concern.
THE DOLLAR'S DECLINE MIRRORS WIDESPREAD RELIEF AMONG INVESTORS U.S. stock futures soared as Trump began his second term, with expectations of bold executive actions to boost the economy. Contrary to expectations, Trump did not impose new tariffs immediately. Instead, he directed federal agencies to review current trade
USD/JPY DROPS BACK UNDER 155.00 TO FRESH LOW FOR THE DAY USD/JPY fell below 155.00, hitting a new low for the day. The USD had risen earlier after Trump mentioned considering 25% tariffs on Mexico and Canada. Trump is considering imposing tariffs by February 1, but
USD/CAD HOLDS GAINS NEAR 1.4450 ON TRUMP'S REMARKS ON TARIFFS USD/CAD held near 1.4445, up 0.94% in Tuesday’s Asian session. Trump suggested imposing 25% tariffs on Canada and Mexico in February. The Canadian Dollar weakened due to Trump's remarks on