Gold climbs to 11-week peak as dollar falls on signs of gradual Trump tariffs

Quick Summary:

GOLD prices climbed to their highest level in nearly 11 weeks on Tuesday as the U.S.dollar slumped following President Donald Trump's inauguration and investors sought the safe-haven metal to hedge against uncertainty sparked by his tariff plans.

The $2,720 level will be an immediate resistance to watch".

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaMexico

Topics: Commodities Tariff Safe-haven Donald Trump Metal /Business/Business News Gold US dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 16:40:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25313479

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 48 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 54 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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