Gold Grapples Near All‑Time Peaks as the Dollar Rests
On Monday, the precious metal danced close to an all‑time high, buoyed by a softer dollar. Gold futures nudged up 0.2% to $3,293.30 an ounce, while spot prices hopped 1.4% to $3,286.03—a firm showing how the market keeps its coin‑toss balanced.
Market Mood: “Fun is Still on the Table”
Susannah Streeter, head of Money & Markets at Hargreaves Lansdown, captured the vibe:
- “Exuberance continues at the start of the week, thanks to more trade deal scores lying in wait and a calm in geopolitical tensions.”
- “Canada‑U.S. talks are back on the docket—tweaks on a tax that aimed at American tech giants now on the table.”
- “We’re seeing speculation that other nations, like the U.K., might drop their own tech‑targeted taxes in the next wave of talks.”
US‑China Trade Deal Brings New Hope
Streeter added, “The newly announced U.S.–China trade deal is injecting optimism into an otherwise glass‑half‑full outlook. While details are still sketchy, the agreement hints at better access for U.S. firms to critical rare‑earth minerals—those same minerals that keep gadgets running.”
Key Takeaway
- Gold flexes its muscles as the dollar loosens its grip.
- Trade talks in North America and Asia are repositioning markets.
- Rare‐earth access may tilt the balance in favor of U.S. tech manufacturers.
Keep an eye on the market—gold might be the quiet hero in a world where currencies sometimes flop.
