• About
  • Privacy Policy
  • Contact
Friday, August 29, 2025
No Result
View All Result
NEWSLETTER
Diplomatic Info
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Nigeria
  • Business
  • Politics
  • Security
  • Cover Story
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • Ghana
    • The Gambia
    • Cote D’Ivoire
    • Cabo Verde
    • Burkina Faso
    • Benin
  • Advertise
    • mail
No Result
View All Result
Diplomatic Info
No Result
View All Result
Home International

Buffeted by Trump trade policy and China, gold on brink of new record

Central banks continue gold purchases amid reversal from tight monetary policy

by Diplomatic Info
January 22, 2025
in International
0
China sanctions three U.S. defence firms over arms sales to Taiwan
0
SHARES
6
VIEWS
Facebook ShareShare on WhatsAppTweet it!

ISTANBUL

The price per ounce of gold continues to rise as it hit $2,758 on Wednesday, bringing it close to record levels, amid uncertainties caused by the policies of new US President Donald Trump and China.

After rising to $2,758 earlier in the day, the ounce price of gold at 1140GMT was $2,757, 0.44% above the previous close.

The climb largely came after Trump continued to threaten import tariffs on goods from other countries after assuming the US presidency on Monday.

While these threats targeted Canada, Mexico, and China, Trump also criticized the EU’s trade surplus with the US, stoking fears of a trade war.

This increase in gold is also influenced by central banks’ gold purchases and expectations that they will continue to move away from tight monetary policy.

Since November, the People’s Bank of China (PBC) has bought roughly 15 tons of gold, driving up prices of the precious metal.

Diplomatic Info

Diplomatic Info

Next Post
New trade agreements could shape US-China relations during Trump’s 2nd term: Experts

New trade agreements could shape US-China relations during Trump’s 2nd term: Experts

Recommended

Germany to maintain military presence in Mali until May 2024: Defense minister

Germany to maintain military presence in Mali until May 2024: Defense minister

3 years ago
I’m against disintegration of Nigeria: Atiku

I’m against disintegration of Nigeria: Atiku

4 years ago

Popular News

  • Israeli president says situation ‘very serious’ amid judicial overhaul debate

    Israeli president says situation ‘very serious’ amid judicial overhaul debate

    0 shares
    Share 0 Tweet 0
  • Buhari arrives Washington for U.S.-Africa leaders summit

    0 shares
    Share 0 Tweet 0
  • Kenyans hold candlelit vigil in solidarity with Palestine amid deuterating situation in Gaza Strip

    0 shares
    Share 0 Tweet 0
  • Angola has deployed troops in DR Congo to fight M23 rebels

    0 shares
    Share 0 Tweet 0
  • After two years of SEC denial, Oando can finally hold AGM

    0 shares
    Share 0 Tweet 0

Connect with us on Facebook

Subscribe to Our Newsletter

Enter your email now to join our community of readers, and get new contents straight to your inbox

We promise to not spam you

Thanks for joining in.

Category

  • Africa
  • Benin
  • Burkina Faso
  • Business
  • Cote D'Ivoire
  • Cover Story
  • Diplomacy
  • ECOWAS
  • Education
  • Embassy News and Info
  • Events
  • Ghana
  • Guinea
  • Guinea Bissau
  • International
  • Liberia
  • Mali
  • News
  • Niger
  • Nigeria
  • Politics
  • Programs
  • Security
  • Senegal
  • Sierra Leone
  • The Gambia
  • Togo
  • Uncategorized

Quick Links

  • About
  • Contact
  • Privacy Policy
  • Advertise

About Us

Providing strategic insights into important social, cultural, political, and economic factors that significantly influence business and nations, Diplomatic Info will examine these critical issues and provide strategies that create competitive advantages.

© 2023 Diplomatic Info - Built with Love by Creovantage.

No Result
View All Result
  • Home
  • Diplomacy
  • Embassy News and Info
  • Events
  • Business
  • Politics
  • Security
  • News
  • Cover Story
  • Africa
  • ECOWAS
    • Togo
    • Sierra Leone
    • Senegal
    • Nigeria
    • Niger
    • Mali
    • Liberia
    • Guinea Bissau
    • Guinea
    • The Gambia
    • Cote D’Ivoire
    • Ghana
    • Cabo Verde
    • Benin
    • Burkina Faso
  • International
  • Contact

© 2023 Diplomatic Info - Built with Love by Creovantage.