He gold spot fell 1.15%, to $2,740.13 an ounce, and retreated from near-record highs reached on Friday. The futures of gold In the United States they subtracted 1.2%, or $2,744.40.
The prices of gold fell more than 1% this Monday, retreating from near-historic highs recorded in the last session, as Investors liquidated bullion positions along with a market sell-off sparked by growing interest in Chinese artificial intelligence company DeepSeek.
He gold spot fell 1.15%, to $2,740.13 an ounce, and retreated from near-record highs reached on Friday. The futures of gold In the United States they subtracted 1.2%, or $2,744.40.
Sharp declines in global stock markets fueled risk aversion in other asset classes, with US Treasury yields falling to three-week lows and the dollar index reaching its lowest levels since December 18.
“This (liquidation) is largely driven by the broader stock market, rather than interest rates or currencies. We are witnessing a certain liquidity shortage“he stated Bart Melek, Head of Commodities Strategies at TD Securities.
The liquidation occurred before the first meeting of the year of the Federal Reservewith policymakers expected to keep interest rates steady on Wednesday, according to CME’s FedWatch tool.
The data to which you must pay attention
However, Investors’ attention will be focused on any indications regarding future monetary policy decisionswhile President Donald Trump begins his second term and his tariff policies are likely to fuel inflation.
“Safe haven demand will continue to support gold (…) Ultimately, we will break all-time highs as there is continued uncertainty over the Trump administration’s policy agenda“said Peter Grant, vice president and senior metals strategist at Zaner Metals.
In other metals, Spot silver fell 1.5% to $30.15 an ounceafter registering an increase of 0.9% last week. For its part, palladium fell 3.1% to $957.16 per ounce and platinum fell 0.53% to $943.95 per ounce.
Source: Ambito
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