When Donald Trump took office in January 2017, few could predict the meteoric rise in gold prices that would follow. By the time he left office in January 2021, gold had surged by over 53%, reaching a price of $1,841 per troy ounce—up from $1,208 at the start of his term, according to data from the World Gold Council.
Source – CNBC TV18
The second-largest consumer of gold in the country is India, after China. The country meets majority of its demand for gold through imports, along with locally recycled bullion.
Source – ABP News
All cities with gold rates listed in the link
Source – MSN
The bank’s analysts found that only 10% of the 126 posts Trump had published this time around on sensitive topics such as trade tariffs, foreign relations and economics had caused clear currency market moves.
“Among the different topics, the posts on tariffs have been the biggest market movers,” JPMorgan’s note published on Monday said, adding that closer to a third of those ones had been market moving.
Source – KITCO News / Reuters
Goldman Sachs on Wednesday maintained its London Metal Exchange copper price forecasts for the next year, and said it expected the implementation of U.S. tariffs on copper imports to prevent a U.S. stock glut in the third quarter.
Goldman forecasts three-, six-, and twelve-month LME copper prices at $9,600, $10,000 and $10,700 per metric ton respectively. The bank flagged a near-term downside risk to prices from a trade policy update due to take effect on April 2.
Source – Reuters
GOLD
In case gold settles below the $2830 level, it will head towards the nearest support, which is located in the $2780 – $2790 range.
Silver
Silver made an attempt to settle back below the $32.00 level but lost momentum and rebounded towards the $32.20 level.
Platinum
If platinum settles above the $1015 level, it will move towards the resistance at $1025 – $1030.
Source – FXEMPIRE
Putting tariffs on the world’s largest silver producer, Mexico, and a bullish seasonal window has woken the silver bulls.
Silver is showing strong signs of bullish momentum, supported by seasonal demand, a favorable technical picture, and a fundamental catalyst in the form of tariffs on Mexico and Canada.
Source – Barchart / Written by Don Dawson
