Gold prices were pressured by an uptick in the U.S. dollar, but still notched another weekly gain as uncertainties around incoming President Donald Trump’s policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level.
The last session saw the Gold fall 0.4% against the Dollar. The MACD is giving a positive signal.
Support: 2674.6 | Resistance: 2732.5
Rumors about potential tax cuts or complete removal of taxes on crypto capital gains are circulating, fueled by the buzz surrounding US President-elect Donald Trump’s official memecoin. TRUMP is now in top 15 largest cryptocurrency by market cap, reaching it in under 48 hours.
Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China’s economy at the end of last year, although gains were limited by caution ahead of Donald Trump’s inauguration as U. S. president.
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America’s trading partners retaliate with tariffs of their own.
The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.
BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world’s largest money manager said. The growth was partly driven by a U.S. stock market rally after Donald Trump’s presidential election victory in November.
