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Finally Gold Price Hits USD 920
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Gold Price just close at USD920, finally gold move up and out of 920. If the gold price can hold on for few day than gold price will bounds up high again.
The gold price spiked Tuesday morning, rising $11.50 to $1,746 per ounce. News late yesterday that Greece has secured a €130 billion rescue package failed to quell speculation that Greece would eventually be forced out or leave the euro. Gold prices rose on the news. Last week, a plethora of U.S. economic data combined with ongoing uncertainty over the Greek bailout to send the gold price oscillating between gains and losses. Looking ahead to the coming week, a similar slate of items likely to impact the price of gold await. Euro zone officials will hold additional meetings to discuss the specifics of Greece’s aid package. Also, the U.S. economic calendar contains several noteworthy reports. Mark Luschini, chief investment strategist at Janney Montgomery Scott, wrote in a recent note to clients that “Everyone is playing this gigantic game of brinksmanship but I suspect they [Greece and the euro zone] are working toward avoiding default and t...
Gold edged higher on Monday, helped by a weaker dollar and expectations that the U.S. Federal Reserve will reiterate its dovish monetary policy stance this week. Spot gold was up by 0.1% at $1,943.58 per ounce. U.S. gold futures rose 0.1% to $1,950.10 per ounce. “Gold is firm on the basis that the Fed could adopt a further dovish message with respect to average inflation targeting,” said Michael Hewson, chief market analyst at CMC Markets UK. “If you want to have a policy of average inflation targeting, you’re going to have to go into detail as to how you are going to arrive at that particular outcome.” The dollar retreated on Mond ay, bolstering gold’s appeal for investors holding other currencies, ahead of the Fed’s policy decision due on Wednesday. “If inflation forecasts remain at 2% or below, this could offer gold a tailwind as the zero-yielding metal thrives in a low-interest rate environment,” said FXTM analyst Lukman Otunuga. Market participants are also wai...
Trump’s Reciprocal Tariff Policy – What Happened? In early April 2025, the United States shocked global markets by imposing a 24% “reciprocal” tariff on Malaysian imports as part of President Donald Trump’s sweeping trade measures ( US imposes 24% reciprocal tariff on Malaysia | The Star ). Effective April 9, this hefty levy was aimed at countries with which the U.S. runs large trade deficits ( Malaysia hit with 24% US reciprocal tariff effective April 9 ). Malaysia – which enjoys a trade surplus with the U.S., mainly via exports of electronics, palm oil and machinery – found itself 11th on Trump’s tariff list ( Malaysia hit with 24% US reciprocal tariff effective April 9 ) ( US imposes 24% reciprocal tariff on Malaysia | The Star ). Notably, the policy isn’t blanket: not all Malaysian goods are hit , as critical products like medical gloves and semiconductors were exempted from the 24% duty ( Malaysia hit with 24% US reciprocal tariff effective April 9 ). These tariffs come on top...
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