Gold prices 
XAUUSD soared to their highest level in over two months on Tuesday (1.21.2025), reflecting growing market uncertainty over U.S. trade policies and a weakening dollar. Spot gold rose by 1.3%, reaching $2,742.48 per ounce, its peak since early November and inching closer to the October all-time high of $2,790.15. U.S. gold futures also gained, closing 0.4% higher at $2,759.20.
The dollar index
DXY slipped by 1.2%, nearing a two-week low, making gold more affordable for international investors. Analysts attribute gold's rally primarily to fears surrounding U.S. President Donald Trump's proposed blanket tariffs, a key element of his policy agenda. While specifics remain scarce, the possibility of imposing tariffs on Canadian and Mexican imports by February 1 has heightened investor anxiety.
Gold’s appeal as a safe-haven asset is well-documented during periods of economic and geopolitical uncertainty. However, Trump's policies, viewed by many as inflationary, could prompt the Federal Reserve to maintain higher interest rates to counteract rising prices, potentially reducing gold’s attractiveness as a non-yielding asset.
Looking ahead, markets are closely watching next week’s Federal Open Market Committee (FOMC) meeting and U.S. inflation data, which could offer further policy guidance for the year.
Silver (
XAGUSD), Palladium (
XPDUSD), and Platinum (
XPTUSD) Show Mixed Movements.
Spot silver climbed 0.9% to $30.77 per ounce, while palladium gained 1.1% to $955.50. Platinum remained largely unchanged at $942.40.
With ongoing policy uncertainty, gold may continue its upward trajectory, with some analysts forecasting a potential milestone of $3,000 per ounce by mid-year. The evolving landscape of U.S. trade and monetary policies ensures that yellow bullion will remain in the spotlight for the foreseeable future.
XPTUSD
XPDUSD
XAGUSD
GOLD
XAUUSD soared to their highest level in over two months on Tuesday (1.21.2025), reflecting growing market uncertainty over U.S. trade policies and a weakening dollar. Spot gold rose by 1.3%, reaching $2,742.48 per ounce, its peak since early November and inching closer to the October all-time high of $2,790.15. U.S. gold futures also gained, closing 0.4% higher at $2,759.20.The dollar index
DXY slipped by 1.2%, nearing a two-week low, making gold more affordable for international investors. Analysts attribute gold's rally primarily to fears surrounding U.S. President Donald Trump's proposed blanket tariffs, a key element of his policy agenda. While specifics remain scarce, the possibility of imposing tariffs on Canadian and Mexican imports by February 1 has heightened investor anxiety.Gold’s appeal as a safe-haven asset is well-documented during periods of economic and geopolitical uncertainty. However, Trump's policies, viewed by many as inflationary, could prompt the Federal Reserve to maintain higher interest rates to counteract rising prices, potentially reducing gold’s attractiveness as a non-yielding asset.
Looking ahead, markets are closely watching next week’s Federal Open Market Committee (FOMC) meeting and U.S. inflation data, which could offer further policy guidance for the year.
Silver (
XAGUSD), Palladium (XPDUSD), and Platinum (XPTUSD) Show Mixed Movements.Spot silver climbed 0.9% to $30.77 per ounce, while palladium gained 1.1% to $955.50. Platinum remained largely unchanged at $942.40.
With ongoing policy uncertainty, gold may continue its upward trajectory, with some analysts forecasting a potential milestone of $3,000 per ounce by mid-year. The evolving landscape of U.S. trade and monetary policies ensures that yellow bullion will remain in the spotlight for the foreseeable future.
XPTUSD XPDUSD XAGUSD GOLD
CEO Mind-Money.eu
👉 mind-money.eu
Personal website of Julia Khandoshko:
👉 iuliia-khandoshko.com/
👉 mind-money.eu
Personal website of Julia Khandoshko:
👉 iuliia-khandoshko.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CEO Mind-Money.eu
👉 mind-money.eu
Personal website of Julia Khandoshko:
👉 iuliia-khandoshko.com/
👉 mind-money.eu
Personal website of Julia Khandoshko:
👉 iuliia-khandoshko.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.