Today (January 3, 2025) "Hua Seng Heng" website, overview of past movements, gold prices traded on the first day of the year adjusted up sharply, reaching a 2-week high, with gold being bought as a safe asset due to geopolitical risks and economic uncertainty from Trump 2.0 policy regarding Trump's trade protectionist policy, which has led to a potential trade war, which could result in higher inflation, even though the dollar is stronger, due to the number of weekly jobless claims being lower than the market expected. As for SPDR Fund, gold holdings remain the same.
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