GOLD EYES THIRD WEEKLY GAIN AS MARKETS LOOK TO TRUMP INAUGURATION
Gold prices faced some pressure from a stronger U.S. dollar on Friday.
Despite this, gold is set to finish the week with a gain.
Gold stayed above the $2,700 level.
Uncertainty about Donald Trump’s policies helped boost gold prices.
There are also expectations for more interest rate cuts, supporting gold.
The Fed needs to be careful when cutting interest rates. Inflation might slow down, but it's uncertain. Financial decisions can affect prices and jobs. The economy is growing strongly, and people are spending more. There are still worries about inflation. It’s hard to tell if rising prices
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Bank of America warns the S&P 500 could struggle in February. February is often a weak month for the S&P 500, especially in the first year of a presidential term. Historical data from 1928 shows the S&P 500 goes up only 53% of the
EUR/USD Increased – The currency pair went up by 0.8% on Tuesday after recent declines. Trade War Fears Reduced – Markets believe Trump's tariff threats are just talk, as he has delayed many of them. Economic Data is Weak – Europe has little important economic data this week. Recovery