Reported about 7 hours ago
Gold prices steadied after dropping earlier, influenced by President-elect Trump’s announcement of potential 25% import tariffs on Canada and Mexico, which bolstered the dollar. Following the decline of 3.4% in previous trading, gold traded around $2,630 an ounce. Despite the earlier slumps and a reduced demand for safe-haven assets due to Middle Eastern geopolitical tensions, analysts remain optimistic for gold’s future, predicting further gains into 2025.
Source: YAHOO