Navigating Emerging Market Currencies: Seizing Opportunities Amid Challenges
Emerging market currencies often represent untapped potential for savvy forex traders, offering both...
- 17/02/2025
- By: ICGroupsFX
- #Gold #GoldTrading #USD #Investment #Economy #Inflation
Gold prices climbed today as the U.S. dollar index fell to its lowest level in two months, making the precious metal more attractive to holders of other currencies. Investors are closely watching developments on the proposed tariffs by the U.S. president, which could escalate global trade tensions.
At the same time, persistent inflation concerns continue to support gold as a safe-haven asset, though its gains could be limited if trade and geopolitical negotiations show progress.
At settlement, gold futures declined by 1.5% to $2,900.7 per ounce but secured weekly gains for the seventh consecutive week. Meanwhile, spot gold rose 0.6% to $2,900.47 per ounce.
In other metals, silver rose to $32.36 per ounce, while platinum and palladium gained 0.6% and 1.7%, respectively.
