Gold firms on softer dollar, Trump's return
Tuesday, 21 January 2025
Gold prices firmed on Monday, supported by a weak US dollar, as markets awaited Donald Trump's return to the White House and his inauguration speech later in the day for hints on the impact of his upcoming policies on the economy and rate-cut outlook, reports Reuters.
Spot gold added 0.2 per cent to $2,707.33 per ounce as of 1203 GMT.
US gold futures was flat at $2,747.80, with trading volumes expected to be thin due to the US markets being closed for the Martin Luther King Jr. Day holiday.