Gold Prices Soar

On Tuesday, gold prices experienced a significant surge, climbing more than 1% to reach a two-month high. This jump comes in the wake of Donald Trump's official swearing-in as the United States President, sparking investor speculation on the potential impact of his forthcoming trade policies on the economy.

Dollar Weakens

Simultaneously, the dollar saw a decline, dropping by 0.27% against the euro and by 0.38% against the pound by 10:00 am ET. This shift indicates a move by investors towards safer investments amidst the uncertainty.

Market Reaction

At 9:59 am ET, gold was up by 1.13%, trading at $2,738.57, marking its highest value since November 6, just a day after the US presidential election. Silver also saw an increase, rising by 0.66% at 9:56 am ET, with its price reaching $30.74.