Trump’s America-First policy drives US dollar and bond yields higher, pushing gold prices down 3%, silver prices down 5%
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Former President Donald Trump becomes the 47th President of the U.S.; Trump’s America-First policy drives U.S. dollar and bond yields higher; Spot gold prices down 3% at $2,657.60/oz; Silver prices down 5% at $30.95/oz; Ole Hansen from Saxo Bank notes strong dollar rally as main reason for gold struggle; Falling copper prices also impact silver; Hansen suggests selloff could be a buying opportunity; Matthew Jones from Solomon Global sees long-term potential for gold despite short-term pressures; Trump’s tariffs could positively affect precious metals; Concerns over U.S. debt and inflation; Article published by Kitco News.
#Trump #Gold #Silver #UsDollar #BondYields #PreciousMetals #Economy #Inflation #Tariffs #MarketAnalysis
https://www.kitco.com/news/article/2024-11-06/trumps-america-first-policy-drives-us-dollar-and-bond-yields-higher-pushing
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