Gold Prices Rise: Gold prices increased on Monday.
Focus on U.S. Policies: Investors are paying attention to the Federal Reserve's interest rate plans and President-elect Donald Trump's trade tariffs.
Future Impact: These factors may influence gold prices in 2025.
The stock market went up on Friday, aiming for its first weekly gain of the year. Dow Jones rose by 337 points (0.8%). S&P 500 increased by 1%, and Nasdaq went up by 1.5%. Big tech companies did well: Tesla stock increased by 4.8%. Nvidia
PBOC SETS USD/CNY REFERENCE RATE AT 7.1886 FOR TODAY The People's Bank of China (PBOC) set the USD/CNY reference rate at 7.1886 today. This is lower than the estimated rate of 7.3353. The PBOC manages the daily midpoint of the yuan, allowing it
A recent Reuters poll surveyed economists about US interest rates. Most economists think the US Federal Reserve will not change interest rates in the January 29 meeting. They expect the Fed to start cutting rates in March. The US economy is going through changes. New policies are expected with the
GOLD TRIMS LOSSES, INVESTORS AWAIT TRUMP’S INAUGURATION SPEECH Gold recovered some of its early losses on Monday. Investors are waiting for Donald Trump’s inauguration speech. The speech may provide insights into Trump’s policies and the Federal Reserve’s interest rate decisions.