Restricting cars in cities: a cost-benefit analysis of Low Emission Zones 
Public-Sector Pay Rises Outpace Private Sector for the First Time Since 2020 
Biden to Host President-Elect Trump for White House Meeting 
COP29 Summit: Azerbaijan Hosts Critical Talks on Climate Finance and Trade Disputes 
How Potential Republican Control Could Impact Markets: Stocks, Bonds, and Currency Trends 
China’s Sluggish Inflation and Deepening Deflation Spur New Stimulus Measures 
What a Trump presidency will mean for Europe’s economy 
Mass Protests Erupt in Valencia Over Government Response to Deadly Floods 
India's Inflation Soars to 14-Month High Amid Rising Food Prices 
Scott Bessent and John Paulson Emerge as Top Picks for U.S. Treasury Secretary 
US Dollar Holds Steady as Markets Await Inflation Data and Fed Comments 
China's Slowing Inflation and Rising Deflation Prompt $1.4 Trillion Debt Relief Plan 
Republican Victory Likely to Shape U.S. Fiscal Policy and Economic Outlook 
Trump Confirms Nikki Haley and Mike Pompeo Will Not Join 2025 Administration 
Jobs of the future: South Africa has major gaps in skills needed to shape the green economy 
Mauritius Election: Voters Weigh Cost-of-Living Solutions as Leaders Promise Economic Relief 
Gold Prices Slide as Trump’s Victory Weighs on Bullion
Gold prices saw further declines in Asian trading on Monday, extending losses from the previous week. The drop followed a surge in risk appetite after Donald Trump’s victory in the 2024 U.S. presidential election.
Dollar Strength and Inflation Concerns Pressure Gold
Spot gold fell 0.5% to $2,670.69 an ounce, while December gold futures decreased 0.1% to $2,677.50 an ounce by 23:35 ET. The U.S. dollar remained strong, adding pressure on gold prices, which are often inversely correlated with the greenback. Investor attention is now focused on U.S. inflation data and Federal Reserve cues expected later this week, which could signal the direction of long-term interest rates. The prospect of prolonged high rates under Trump’s administration has further weighed on gold.
Trump’s Economic Policies and Gold's Decline
Trump’s victory has cleared a major point of market uncertainty, reducing gold's appeal as a safe-haven asset. Market participants are now bracing for potentially more inflationary policies, which could keep interest rates elevated for the foreseeable future. This outlook has dampened gold’s appeal, even as the Fed recently cut interest rates by 25 basis points.
Mixed Trends in Precious Metals
While gold faced downward pressure, other precious metals saw mixed performance. Platinum rose 0.4% to $983.05 an ounce, while silver fell 0.5% to $31.293 an ounce.
Copper Prices Stabilize Amid Underwhelming China Stimulus
Copper prices steadied after disappointing fiscal measures from China, the world's largest copper importer. Copper futures saw modest gains on the London Metal Exchange but remained vulnerable due to investor concerns over the effectiveness of China’s stimulus plan.
For further reading, you can check out the following sources:
- Gold prices drop on Trump’s win as risk appetite rises
- U.S. dollar strengthens, affecting commodity markets
- China’s economic measures fail to meet investor expectation
