Gold prices near all-time high as investors turn to safe-haven assets amid trade policy uncertainty

From Investing.com: 2025-01-24 02:28:00

Gold prices remain near a three-month high as traders focus on President Trump’s trade policies. The uncertainty has led investors to flock to safe-haven assets like gold, with the potential for an all-time high. Analysts predict that gold could reach $2,790 per ounce, pending S&P Global’s PMI data release later today. The current low interest rate environment has contributed to the rally in gold prices.

The euro showed slight gains against the USD following Trump’s call for lower interest rates. However, the eurozone economy has yet to show a strong recovery, keeping expectations low for a sustained upward trend in EUR/USD. The market awaits S&P Global’s PMIs data to gauge the euro’s performance against the dollar.

Bitcoin saw a 0.9% drop against the USD, with uncertainty prevailing despite regulatory improvements. Trump’s executive order reshaped U.S. crypto policy, establishing a working group for new regulations. BTC/USD’s technical outlook remains bullish, but traders are cautious about its short-term direction. The market awaits S&P Global’s PMIs data, which could impact BTC/USD’s movement.



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