Golden futures contract exploded in April on the New York Stock Exchange Palmekan by 2.7 % today, as it was closed at $ 2,845.20 per tired ounce. Earlier, she did not touch the highest level during the day of $ 2,853.20, the highest level ever.
Metal Volatility It was all over the place recently – with 1.4 % on Monday as technology shares were disrupted, but it was abandoned by its return since then.
The American Q4 2024 did not provide the economic growth in which Wall Street was hoping, because the GDP data on January 30 was weakened on January 30.
On January 29, the Federal Reserve announced that it would retain fixed interest rates as President Jerome Powell tried to play safely but still expecting price discounts later this year. Analysts say that the price cuts can be on the way, but no one can definitely say.
President Trump said last week that he would actually force the central bank to cut, but Powell said during his press conference that he had no comments on Trump’s screaming public.
Trump’s pilots of Trump and boosts alloys
Meanwhile, starting from February 1, the United States will slap a 25 % tariff on Canada and Mexico. Trump released this announcement during his talk to reporters from Al -Baydawi on Thursday, where he explained that his causes are drugs and impotence and what he called the “huge subsidies” distributed by America to these men.
The market did not wait for this news to digest. The Canadian dollars and Mexican peso fell almost immediately while the oval interview was still continuing. The US Treasury’s revenues fell immediately, and oil futures in Texas Intermediate state jumped to $ 73 a barrel.
“We have all the oil we need,” the president told reporters. “We do not need their products.” Analysts have warned months ago that these definitions can lead to serious inflation. The MUFG research team expects that Trump’s unpredictable policies will lead to waves of investments that depend on fear in gold throughout 2025.
Peter Cardilo, a market economist, betting on gold will reach $ 3,000 an ounce soon. “We see the possibility of high prices,” he said.
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