GOLD: Gold Set for New Record as Trump Softens on China Tariffs.
Jan-24 04:36
- President Trump told Fox News on Thursday night that he’d ‘rather not use’ levies against China, causing the dollar to drop, giving Gold a late boost.
- For much of the week gold prices appeared supported by their safe-haven status but the week’s rally showed signs of softening before Trump addressed Davos in comments that drove volatility.
- Trump had already levelled comments at Mexico, Canada, China and the EU warning them during the week of the potential for tariffs.
- Opening the day at US2,754.87 gold traded as high as $2,777.37 before backing off to $2,770.98.
- At these prices, gold is setting new records for all time prices and some analysts believe could go higher in 2025.
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MNI: CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS
Dec-25 01:22
- CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS
MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1868 WEDS VS 7.1876
Dec-25 01:21
- CHINA SETS YUAN CENTRAL PARITY AT 7.1868 WEDS VS 7.1876
MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%
Dec-24 23:51
- MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%
- JAPAN NOV SERVICES PPI +0.4% M/M: OCT UNREV +0.8%
