Gold Prices Drop as Investors Eye Trump’s Economic Policies
- Gold prices fell on February 20, trading at $2,728.20 per troy ounce, a decrease of 0.75% by 3:32 PM Brasília time.
- The recent ceasefire agreement between Israel and Hamas reduced demand for gold as a safe-haven asset, contributing to its price drop.
- BMI projected that gold could trade at around $2,500 per troy ounce by 2025, indicating unfavorable conditions for gold prices.
- Investors are concerned about how Trump's policies might influence the Federal Reserve's decisions and inflation trends, affecting gold's price dynamics.
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Coverage Details
Total News Sources0
Leaning Left1Leaning Right2Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
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