Gold losses its shine as Trump trade fully materializes.

The US Dollar Index (DXY) rose over 1.8% to a peak of 105.32 on Wednesday as Donald Trump has become 47th President of USA. US stock futures were also up on the news, with the S&P 500 futures contract up 2.2% at 5,909 in pre-market trading and the Dow 30 futures contract up over 1.3% to 42,770, as markets rejoiced in anticipation of Trump’s likely lower tax agenda. Likewise, Bitcoin rose to a new all-time high of $75,407 due to the looser regulatory environment for crypto promised by Trump. 

Gold is currently trading at $2700 levels & its almost down 90$ from life high levels. Silver is also down roughly 3% as Dollar is gaining strength. Technically, weekly Gravestone Doji is doing its work & the next supports are coming at 2691$ Levels. If market is further breaking down that support then one can expect more weakness in Bullion Markets. 

Recent News

OIL WEEKLY ANALYSIS

December 14, 2024

Market Insights

Gold trading near ATH, Bulls are waiting...

October 29, 2024

Market Insights

Dow Jones US30 Forms Bullish Flag Near R...

March 25, 2025

Market Insights

Gold struggles near daily low after posi...

July 07, 2025

Market Insights

Gold trades in the favour of bulls when...

March 27, 2025

Market Insights

Stronger Dollar weighs on Gold amid Fed...

July 17, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window