Gold Poised for Third Weekly Gain upward trajectory, with spot prices holding above the critical $2,700 per ounce level. As of 03:10 p.m. ET (2010 GMT), spot gold eased 0.4% to $2,701.03 per ounce,

Gold Poised for Third Weekly Gain Amid Market Focus on Trump Inauguration Gold Stock Corp Market Report January 17, 2025 Gold prices experienced slight pressure due to an uptick in the U.S. dollar on Friday; however, the precious metal remains on track for a third consecutive weekly gain. Uncertainties surrounding President-elect Donald Trump's impending inauguration and renewed expectations of further interest rate cuts have continued to support gold’s upward trajectory, with spot prices holding above the critical $2,700 per ounce level. As of 03:10 p.m. ET (2010 GMT), spot gold eased 0.4% to $2,701.03 per ounce, while U.S. gold futures settled 0.1% lower at $2,748.70 per ounce. Despite this minor retreat, gold has gained 0.5% for the week, reinforcing its position as a preferred safe-haven asset amid shifting economic dynamics. Market Drivers and Economic Outlook “The pullback today is not significant; it appears to be primarily a profit-taking move, with some added pressure from a slightly stronger dollar,” noted David Meger, Director of Metals Trading at High Ridge Futures. Gold reached a one-month high on Thursday, coming within $65.6 of its all-time peak of $2,790.15, recorded in October. The recent rally has been driven by softer-than-expected U.S. core inflation figures released on Wednesday, intensifying market speculation that the Federal Reserve may implement more than one interest rate cut this year. Currently, traders are pricing in at least two rate cuts by year-end, bolstered by remarks from Federal Reserve Governor Christopher Waller, who indicated the possibility of additional monetary easing should economic conditions warrant it. With Trump’s inauguration scheduled for January 20, markets are closely monitoring his administration’s trade and economic policies. His proposed broad-based tariffs are expected to fuel inflation and could trigger trade disputes, increasing gold’s appeal as a hedge against economic and geopolitical uncertainty. “The uncertainty surrounding President Trump’s policy direction is a key factor supporting gold prices,” Meger added. “Investors are seeking safety in gold as a hedge against potential market volatility and inflationary pressures.” Interest Rates and Safe-Haven Demand Gold, a non-yielding asset, benefits from lower interest rates as they reduce the opportunity cost of holding bullion. While the U.S. economy remains robust and a recession appears distant, concerns regarding trade policies and inflationary risks are prompting investors to increase their exposure to gold as a strategic hedge. “There are significant question marks regarding the structure and implementation of Trump’s tariff policies. Many investors are turning to gold as a means of mitigating downside risks, should these policies negatively impact economic growth,” said Nitesh Shah, Commodity Strategist at WisdomTree. Other Precious Metals In the broader precious metals market, spot silver declined by 2% to $30.17 per ounce, while palladium climbed 1% to $949.99 per ounce. Platinum also gained 0.9%, trading at $940.28 per ounce. Gold Stock Corp continues to monitor market trends closely, providing our clients with timely insights and professional analysis to support informed investment decisions. As global uncertainties persist, gold remains a key asset for wealth preservation and risk management. For further inquiries or to discuss investment strategies, please contact Gold Stock Corp at 1-888-944-6539 or email us at Registration@goldstocklive.com.