From Investing.com: 2025-01-10 02:20:00

Gold prices rose by 0.31% to a four-week high on Thursday due to safe-haven demand amidst uncertainty surrounding President-elect Donald Trump’s policies. Trump’s proposed tariffs could spark trade wars and inflation, making gold an attractive asset. The Federal Reserve is cautious about rate cuts, further supporting gold prices. XAU/USD may rise if US nonfarm payroll data reveals a slower job growth.

The euro fell by 0.19% against the USD as the greenback strengthened on concerns about Trump’s trade policies. Federal Reserve officials hinted at a less dovish monetary policy, boosting the USD. EUR/USD may drop further if US macroeconomic data shows strength.

Bitcoin declined by 2.62% as US Treasury yields surged, impacting risk assets. Rising interest rates reduce liquidity for Bitcoin and other digital assets, causing them to fall. The Fed’s cautious approach to monetary policy increases market volatility. BTC/USD may face further downside pressure based on US nonfarm payroll data.



Read more at Investing.com: Gold Shines Amid Economic Uncertainty and Upcoming US Jobs Data