Gold

By A1 | January 24, 2025
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Gold surged past $2,770 per ounce on Friday, its highest level since October and close to its all-time high of $2,790. The rally came after President Trump called for an immediate interest rate cut, boosting gold's appeal as a safe-haven asset. Lower interest rates make the non-yielding precious metal more attractive to investors. Uncertainty over Trump’s proposed tariffs and immigration policies, along with a weaker US dollar, further fueled demand for gold. Globally, central bank policies remain in focus, with the Bank of Japan raising interest rates as expected, the ECB likely to cut rates, and the Fed expected to hold steady. Gold is on track for its fourth straight weekly gain.

Keywords and Hashtags: #GoldPrices #GoldSurge #SafeHaven #InterestRates #TrumpPolicy #USDollar #CentralBankPolicy #PreciousMetals #InvestmentTrends #MarketUpdate

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