empty
 
 

23.01.202602:01:19UTC+00Gold Hits New Record Peak

Gold surged past $4,950 per ounce on Friday, reaching an unprecedented peak and poised for its most substantial weekly gain since March 2020. This increase is bolstered by enduring geopolitical tensions and a depreciating US dollar. President Trump announced that a deal with NATO secures permanent US access to Greenland, though specifics are yet unclear, with Denmark reiterating its sovereignty. In a move to ease trade tensions, Trump also withdrew planned tariffs on European imports, as the EU temporarily suspended its threatened countermeasures, although it seeks further clarification on his intentions. Economically, both the headline and core Personal Consumption Expenditures (PCE) indices rose as anticipated, reflecting that disinflation persists even as economic activity remains robust. The markets are currently anticipating two interest-rate reductions by the Federal Reserve within this year. Additionally, investors are closely watching President Trump's upcoming selection for the Federal Reserve Chair, following his completion of candidate interviews. A more dovish appointment is expected to amplify predictions for additional rate cuts.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback