How Trump’s second presidency could affect gold
Mon Jan 20 2025
With President-elect Donald Trump set to officially take the US presidency on 20 January investors will be wondering how a second Trump presidency may affect the gold price.
The gold price has climbed significantly under both administrations and particularly in the lead up to the 2024 election when it hit a high of US$2,788 in October last year. The precious metal’s price is currently $4,373.80 (US$2,706.94).
During October 2024 the price of gold’s precious metal cousin silver hit a 10-year high to just over US$34 an ounce, as reported by Mining.com.au.
How gold performs in 2025 will be significantly influenced by Trump’s policies and whether they wreak havoc on markets and the economy.
During his previous term in office, Trump increased oil production domestically and tariffs on goods from overseas. He has already flagged further increases again this time and committed to slashing energy prices while hiking tariffs to narrow trade deficits.
Source: https://mining.com.au/