Trump's Remarks Trigger Sharp Fluctuations in Gold Market
U.S. President Trump's comments within an hour after his administration's 10th cabinet meeting of the second term addressed key topics such as avoiding a government shutdown, international ceasefire agreements, and adjustments to tariff and interest rate policies. These remarks quickly triggered a reaction in financial markets, with spot gold prices surging from around $5270 to above $5360, a rebound of nearly $100.
Market Confidence Affected by Remarks
During his speech, Trump emphasized the administration’s commitment to prevent a government shutdown, referenced progress in diplomatic communications, and offered suggestions for economic policy adjustments. These statements boosted market confidence, prompting investors to shift toward safe-haven assets like gold.
- Avoiding government shutdown remains a priority
- Eased international tensions spark market optimism
- Calls for lower interest rates to stimulate the economy
Future Gold Price Trends Warrant Attention
The rapid rebound in gold prices highlights the market's sensitivity to external developments. Analysts note that as U.S. policy unfolds and international conditions evolve, gold prices may remain volatile, requiring close monitoring by investors.