Gold Surges despite Strong U.S. Employment Data Amidst Trump Policy Uncertainty

Gold prices saw a significant rebound, defying the strong US employment data, owing primarily to the uncertainties surrounding the economic policies under the Trump administration.nnInitiating the week on a resilient note, the gold market latched onto a seeming paradox. Although US job data was notably robust, demonstrating a healthy economy, this did not discourage investors from flocking back to the traditional safe haven asset. It’s noteworthy to state that such a trend indicates the market apprehensions about the larger economic panorama, predominantly shaped by the economic strategies of the Trump government.nnExperts opine that until the policy fog lifts, gold prices would continue to experience an upward swing. This, they surmise based on the conventional wisdom that perceives gold to be a safety net in times of economic turbulence and a hedge against inflation.nnThis intriguing counter-intuitive development puts the spotlight on the importance of policy predictability and political stability in influencing investor behavior. Read More