20th January 2025

Precious metals: sigh of relief over Trump tariff postponement

Gold and silver are slowing down as U.S. markets close for Martin Luther King Jr Day, as well as the likely postponement of Donald Trump's promised tariffs. The 47th president of the United States will be sworn in today, and the directive appears not to include the imposition of new tariffs on his first day in office-an eventuality that many nations, in fact, feared might occur.
Source: Kitco News

17th January 2025

Chinese gold market recovers in December: Lunar New Year should favour jewellery

The spread between Shanghai and London gold prices widened sharply in December: while the USD gold price fell by 2%, the 1% depreciation of the Chinese local currency led to a small gain of 0.1%. Rising US Treasury yields and a stronger dollar, driven by changing expectations of the Fed's future rate path, outweighed support from rising geopolitical risks and higher inflation expectations. 2024 was a record year for gold, with the price rising 28% in RMB terms (the best performance since 2009) and 27% in US dollar terms, the best performance since 2010.
Source: Kitco News

16th January 2025

Gold and silver at four-week highs

Gold and silver prices rose to four-week highs in early U.S. trading today. Both precious metals were buoyed by news on U.S. inflation, which dampened the dollar index and drove down U.S. Treasury yields. Gold rose $16.60 to $2,734.40, while silver was up $0.259 to $31.79..Source: Kitco News