Gold markets have rallied rather significantly during the trading session on Tuesday, as we continue to see money flying into the gold markets overall.
Gold experiences major volatility amid new tariffs but remains in a strong uptrend, with traders targeting $2800 support and a potential climb toward $3000.
The Bank of England interest rate decision and the US Nonfarm Payrolls report will be the two data releases to draw attention for the remainder of the week.
A US president is elected every four years. The result of these elections impacts markets beyond just Election Day, every four years of the election cycle.
The U.S. services sector continued to grow in January 2025, though at a slower pace than expected, highlighting uncertainty as businesses brace for potential tariff impacts.
U.S. markets close higher as optimism grows over potential U.S.-China trade breakthrough. Trump delays tariffs, Palantir surges 24%, Fed warns of inflation risks, and job openings miss expectations.
Gold reached a record high of $2,845 late Tuesday during the North American session as the US Dollar tumbled, weighed down by falling US Treasury bond yields.
The gold market experienced significant gains this week, driven by major geopolitical and economic developments. The primary catalyst was President Trump’s announcement of new tariffs.
Markets are better defined based on risk. When risk is elevated, it may shape how you approach the market. It may determine whether you are holding more cash and are hedging your risk.
