Gold Prices: Trump tariffs may give Ghana’s Goldbod an opportunity to cash in – Analyst

 


A Financial Analyst and pollster, Mussa Dankwah has said that a critical analysis of US President Donald Trump’s policies may give rise to opportunities and threats being identified, especially by countries such as Ghana.

For instance, he says the Trump Tariffs may give the Goldbod an opportunity to cash in.

His comments come at a time when Gold prices went above $3,100 for the first time as US levies boost havens.

Bullion gained as much as 1.4% to $3,127.92 an ounce, beating the previous peak from Friday when it recorded a fourth weekly gain, with prices supported by growing haven demand amid a risk-off mood for markets.
Trump last week signed a proclamation to slap a 25% tariff on auto imports, while traders also bracing for the White House’s so-called reciprocal tariffs due Wednesday.

Gold is up almost 19% this year in a run that’s seen it clinch at least 15 all-time highs. The rally has been fueled by central-bank buying and haven demand amid rising geopolitical and macro uncertainties. Those drivers have supported prices even as swaps traders have pared bets on Federal Reserve easing this year to two quarter-point rate cuts. Lower rates tend to benefit non-yielding bullion.

In a post on his Facebook page, Mussa Dankwah said “Trump Tariffs may give the Goldbod an opportunity to cash in. Critical analysis of Trump policies may give rise to opportunities and threats being identified, so don’t throw your hands in despair, you think.”

In a separate post, he further wrote : “Why are gold prices skyrocketing? The answer is simple, the US stock market is in decline and investors want a safe haven until the uncertainties are over and the market returns to normalcy. Again, gold has always acted as a hedge against inflation and during high inflationary times, investors tend to gold to protect their investment.

Trump last week signed a proclamation to slap a 25% tariff on auto imports, while traders also bracing for the White House’s so-called reciprocal tariffs due Wednesday.

Gold is up almost 19% this year in a run that’s seen it clinch at least 15 all-time highs. The rally has been fueled by central-bank buying and haven demand amid rising geopolitical and macro uncertainties. Those drivers have supported prices even as swaps traders have pared bets on Federal Reserve easing this year to two quarter-point rate cuts. Lower rates tend to benefit non-yielding bullion.

In a post on his Facebook page, Mussa Dankwah said “Trump Tariffs may give the Goldbod an opportunity to cash in. Critical analysis of Trump policies may give rise to opportunities and threats being identified, so don’t throw your hands in despair, you think.”

In a separate post, he further wrote : “Why are gold prices skyrocketing? The answer is simple, the US stock market is in decline and investors want a safe haven until the uncertainties are over and the market returns to normalcy. Again, gold has always acted as a hedge against inflation and during high inflationary times, investors tend to gold to protect their investment.


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