CFG| 01-28-25 AM: Gold Prices Near All-Time High Amid Dollar Weakness

January 28, 2025

Gold prices have surged, approaching their all-time high, as the U.S. dollar weakened following recent comments by President Donald Trump suggesting a potentially softer stance on tariffs against China and advocating for lower interest rates. This combination of factors has bolstered gold's appeal as a safe-haven asset. While gold in U.S. dollars remains slightly below its record, the precious metal has reached all-time highs in major currencies, including the Euro, Sterling, Japanese Yen, and Chinese Yuan.

Analysts note that the uncertainty surrounding trade policies and the direction of interest rates is driving investors toward gold. A weaker dollar makes gold more attractive to holders of other currencies, further supporting its price. As these economic discussions continue, gold is expected to remain a focal point for investors seeking stability amid market fluctuations.

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Fun Fact Of The Day

Gold has been used as a form of currency and a store of value for over 5,000 years, maintaining its allure across various civilizations and economic systems.