Trump's effect on gold..? Surprise awaits Indians tomorrow!
Trump's effect on gold..? Surprise awaits indians tomorrow!
Gold price has recorded a significant increase since november 6, that is, after trump won the presidential election, gold price fell significantly, but after trump took office, he issued more than 70 orders on the first day of his inauguration, including taxation, regulation, and changes in citizenship rules. In response, the stock market and the dollar value have fallen, while gold and Bitcoin have risen in trading on Tuesday. The price of gold, which has been sluggish since november 6, shocked many by reaching $ 2,726 in today's trading. The rise in gold prices is expected to create uncertainty in the market.
In the US, inflation is moderate, so if the country's central bank cuts interest rates twice, the yield on US government treasury bonds will decrease. This is a common thing, but investments that leave the bond market usually go to the stock market, but now they are concentrated in gold, this is due to Trump's tax measures.
Gold price has recorded a significant increase since november 6, that is, after trump won the presidential election, gold price fell significantly, but after trump took office, he issued more than 70 orders on the first day of his inauguration, including taxation, regulation, and changes in citizenship rules. In response, the stock market and the dollar value have fallen, while gold and Bitcoin have risen in trading on Tuesday. The price of gold, which has been sluggish since november 6, shocked many by reaching $ 2,726 in today's trading. The rise in gold prices is expected to create uncertainty in the market.
In the US, inflation is moderate, so if the country's central bank cuts interest rates twice, the yield on US government treasury bonds will decrease. This is a common thing, but investments that leave the bond market usually go to the stock market, but now they are concentrated in gold, this is due to Trump's tax measures.