Goldman Sachs Group Inc. has released a new forecast suggesting that the Japanese yen could rise to 140 yen per dollar this year. This announcement comes amidst growing concerns about economic growth in the United States and rising trade tariffs, which have heightened interest in safe-haven assets.
$GOLDUSD prices have been showing positive dynamics recently, supported by the weakening of the US dollar. On Monday, the spot price of the precious metal rose by 0.29%, reaching $2,709.26 per ounce. This growth reflects expectations tied to the potential return of Donald Trump to the White House and his upcoming inaugural address, which adds to the economic uncertainty. This article will examine the key factors influencing gold prices, as well as the impact of political and economic events on the markets.
In recent days, financial markets have witnessed a significant surge in gold prices, reaching a one-month high during Asian trading on Thursday. The reasons behind this rally include the falling dollar and decreasing yields on Treasury bonds, both of which are linked to soft consumer inflation data. These factors are shaping new market expectations regarding the monetary policy of the Federal Reserve.