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30.01.202613:00:35UTC+00Gold Slumps on Profit-Taking After Record Surge

Gold experienced a significant drop of over 5% to approximately $5,100 on Friday, spurred by profit-taking that led to a wider retreat in precious metals. This downturn followed a sharp surge that had propelled gold to a record high of $5,608 on Thursday. Despite the decline, prices remain on course for a 17% monthly increase, marking a sixth consecutive month of gains and the strongest showing since the 1980s. These increases were driven by rising economic and geopolitical uncertainties and consistent weakness in the US dollar. Geopolitical tensions remain high after President Donald Trump issued an executive order imposing tariffs on goods from countries supplying oil to Cuba, a measure that places additional strain on Mexico. In the Middle East, tensions escalated as Trump called for Iran to engage in nuclear discussions, while Tehran threatened retaliation and promised a swift response. In terms of monetary policy, Trump announced his nomination of former Fed governor Kevin Warsh as the next Federal Reserve Chair, concluding months of speculation regarding the future leadership of US monetary policy.

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  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें


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