Gold Prices Stabilize as Investors Eye Fed's Strategy and Trump's Tariff Policies for 2025 Outlook
Johnny Lee
XAUUSD·
Dec 26 2024
Gold prices stabilized on December 24 amid quiet holiday trading, with investors awaiting the Federal Reserve's interest rate plans and President-elect Trump's tariff policies, which could impact gold prices in 2025.
Gold had a strong 2024, up 27%, with expectations for similar performance in 2025, driven by geopolitical risks and trade concerns. However, with the strengthening U.S. dollar under Trump, gold's momentum slowed in November. Analysts anticipate that higher tariffs and regulatory changes could affect inflation and the Fed’s rate cuts, potentially reducing gold's appeal due to the higher opportunity cost of holding it.