From Investing.com: 2025-01-17 02:25:00

Gold prices rose by 0.67% on Thursday as weak US data fuelled hopes for interest rate reductions. The US Department of Commerce reported lower retail sales and a slight decline in the Consumer Price Index, while initial jobless claims rose above expectations. Market analysts anticipate a rate reduction by July, with XAU/USD trading sideways. Euro remained flat against the USD amidst mixed US economic data, with the market still biased towards buying the dollar. EUR/USD lacked new impulses to move lower, with traders possibly triggering a technical rebound. In the crypto industry, BTC/USD experienced volatility ahead of Donald Trump’s inauguration, with reports suggesting an executive order designating cryptocurrencies as a national priority. Market participants are optimistic about Trump’s future plans for crypto.



Read more at Investing.com: Gold Approaches Resistance as US Dollar Weakens