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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 02/Jan 09:21

Gold posts modest gains above $2,600, focus on Trump policies

The price of gold trades with mild gains to around $2,625 in the early Asian session on Thursday. The uncertainties around Donald Trump’s tariff policies, geopolitical risks, and central bank buying support XAUUSD. Nonetheless, the cautious stance of the Federal Reserve might cap the yellow metal’s upside. Traders awaited for fresh catalysts that could influence the Fed’s interest rate outlook this year. In December, Fed Chair Jerome Powell signaled a cautious stance on further rate cuts after delivering a 25 basis points (bps) reduction. This, in turn, could provide some support to the greenback and undermine the USD-denominated commodity price.

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