India to allow duty-free import of diamonds for re-export from April 1
January 23, 2025Indian diamond industry to focus on domestic markets and ASEAN countries
January 23, 2025Gold price increases despite the state of geopolitics and Gaza ceasefire
The price of gold rose 1.2% to US$2,740 ($4,396) an ounce last week, heading again towards all-time highs despite the state of geopolitics and Gaza ceasefire. The week was a key test for the two main forces expected to affect Gold in 2025.
One reason gold may not have dropped on the news is that the market may be viewing the resolution as still tentative. As the premium in gold for this conflict declined to a degree, there had to be a major factor strongly offsetting the drop in geopolitical risk. The reaction in equity markets seems to have been the opposite for gold.
Gold stocks last week performed reasonably well ahead of President Donald Trump officially taking office given the rise in the yellow metal and equities, with the GDX of large producers 2.2% higher and the GDXJ of junior miners rising 1.5%. How gold performs in 2025 will be significantly influenced by the 47th President’s policies and whether they wreak havoc on markets and the economy.
