Gold starts ’25 strong on policy outlook

Gold spot prices continued its upward trends on Thursday following a strong finish to 2024, with traders anticipating policy changes from US President-elect Donald Trump that will impact the economic and interest rate outlook for the upcoming year.

Spot gold prices rose by 0.36 per cent to $2,633.95 per ounce at 7:02 AM GMT, compared to the previous closing price of $2,624.56.

Meanwhile, US gold futures rose 0.17 per cent to $2,645.59, compared to Friday’s closing of $2,641.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser

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