Gold prices witnessed a significant increase today, January 21, 2025, as the ounce reached $ 2,741. This rise comes in the wake of the inauguration of President Donald Trump, which raised questions about the future of gold prices.
Factors affecting gold prices: Trade policies: President Trump indicated the possibility of imposing 25% tariffs on imports from Canada and Mexico starting February 1. This trend raised investors’ fears of escalating trade tensions, which prompted them to resort to gold as a safe haven. REUTERS Strength of the US dollar: The dollar declined today after […]



