Gold price hits two-week high on safe-haven demand. US Fed rate cut, Donald Trump’s 2.0 policies in focus
Live MintGold rate today: The yellow metal continued to shine at the onset of the new year, building on its impressive performance in 2024. After delivering over 20 per cent return in the domestic market in 2024, gold prices witnessed buying interest last week and ended around 0.74 per cent higher in the international market. Safe-haven demand Speaking on the triggers that fueled gold prices last week, Sugandha Sachdeva, Founder of SS WealthStreet, said, "The recent surge in gold prices has been primarily driven by its appeal as a safe-haven asset amid escalating geopolitical tensions in the Middle East and growing global economic uncertainties. Trump 2.0 factor Regarding how Donald Trump's re-election as the US president would impact the gold price movement in 2025, Prithviraj Kothari, National President at India Bullion and Jewellers Association, said, "Trump 2.0 could have nuanced impacts on gold prices. Gold rate today: Triggers to watch On primary triggers that may dominate gold prices in the near term, Sugandha Sachdeva said, "FOMC meeting minutes, Non-Farm Employment Change, and the U.S. unemployment rate scheduled next week will likely lead to significant volatility in gold prices."