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ISLINGTONGold dips on rising yields, markets reassess monetary policy direction
Today market analysis on behalf of Bas Kooijman is the CEO and Asset Manager of DHF Capital S.A
Gold continues to decline for the fifth consecutive day, reaching its lowest level since early September. Elevated yields and a stronger U.S. dollar weigh on gold prices, both of which have strengthened in the wake of Trump’s victory. The Trump administration’s focus on significant economic growth, tax cuts, and increased tariffs could spur inflation and potentially prompt the Federal Reserve to exercise caution in its easing cycle and rate cut projections.
In the near term, the outlook for gold remains bearish as markets await the release of PPI data and weekly jobless claims, followed by retail sales data on Friday, which could further influence sentiment, particularly regarding the December Fed meeting.
Looking ahead, gold could retain potential for recovery over the medium and long term due to concerns over fiscal deficits and trade tensions in addition to geopolitical tensions, which could elevate uncertainties and drive demand for safe-haven assets.
Zaid Barem / YMM
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