Diving Market Factor: The Bank of Canada, Donald Trump’s Pressuring, And US Economic Outlook

αž’αž“αžΆαž‚αžΆαžšαž€αžŽαŸ’αžαžΆαž›αž€αžΆαžŽαžΆαžŠαžΆ 

αžŠαŸ„αž™αžŸαžΆαžšαžαŸ‚αž’αž“αžΆαž‚αžΆαžšαž€αžŽαŸ’αžαžΆαž›αž€αžΆαžŽαžΆαžŠαžΆβ€‹αž€αžΆαž“αŸ‹αžαŸ‚αž˜αžΆαž“αž‘αŸ†αž“αž»αž€αž…αž·αžαŸ’αžαž…αŸ’αžšαžΎαž“αž‡αžΆαž„αž˜αž»αž“αž‘αŸ…αž›αžΎαžŸαŸ’αžαžΆαž“αž—αžΆαž–αžŸαŸαžŠαŸ’αž‹αž€αž·αž…αŸ’αž… αž“αŸαŸ‡αž”αžΆαž“αž‡αŸ†αžšαž»αž‰αž±αŸ’αž™αž–αž½αž€αž‚αŸαžšαž€αŸ’αžŸαžΆαž’αžαŸ’αžšαžΆαž€αžΆαžšαž”αŸ’αžšαžΆαž€αŸ‹αž“αŸ…αž€αŸ’αž“αž»αž„αž€αž˜αŸ’αžšαž·αžαžŠαžŠαŸ‚αž›αž‚αžΊ 2.75%αŸ” αž‘αŸ„αŸ‡αž‡αžΆαž™αŸ‰αžΆαž„αžŽαžΆαž€αŸαžŠαŸ„αž™ αž–αž½αž€αž‚αŸαž€αŸαž”αžΆαž“αž›αžΎαž€αž‘αžΎαž„αž–αžΈαž›αž‘αŸ’αž’αž—αžΆαž–αžŠαŸ‚αž›αž–αž“αŸ’αž’αž’αžΆαž€αžšαž’αžΆαž…αž”αŸ‰αŸ‡αž–αžΆαž›αŸ‹αž™αŸ‰αžΆαž„αžαŸ’αž›αžΆαŸ†αž„αž‘αŸ…αž›αžΎαž€αžΆαžšαž€αžΎαž“αž‘αžΎαž„αž“αŸƒαž’αžαŸ’αžšαžΆαž’αžαž·αž•αžšαžŽαžΆ αž“αž·αž„αž€αžΆαžšαž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡αž“αŸƒαžŸαŸ’αžαžΆαž“αž—αžΆαž–αžŸαŸαžŠαŸ’αž‹αž€αž·αž…αŸ’αž… αžŠαŸ‚αž›αž’αžΆαž…αž’αŸ’αžœαžΎαž±αŸ’αž™αž–αž½αž€αž‚αŸαž”αž“αŸ’αž’αžΌαžšαž”αž“αŸ’αžαž™αž‚αŸ„αž›αž“αž™αŸ„αž”αžΆαž™αžšαžΌαž”αž·αž™αžœαžαŸ’αžαž»αž“αžΆαž–αŸαž›αžαžΆαž„αž˜αž»αž αž“αŸαŸ‡αž”αžΎαž™αŸ„αž„αžαžΆαž˜αž’αž—αž·αž”αžΆαž›αž’αž“αžΆαž‚αžΆαžšαž€αžΆαžŽαžΆαžŠαžΆ Macklem αŸ” αž‡αžΆαž„αž“αŸαŸ‡αž‘αŸ…αž‘αŸ€αž αž™αŸ„αž„αžαžΆαž˜αž”αŸ’αžšαž—αž–αž–αŸαžαŸŒαž˜αžΆαž“αž˜αž½αž™αž”αžΆαž“αž›αžΎαž€αž‘αžΎαž„αžαžΆ αž”αŸ’αžšαž‘αŸαžŸαž€αžΆαžŽαžΆαžŠαžΆαž“αžΆαž–αŸαž›αž“αŸαŸ‡αž€αŸ†αž–αž»αž„αž–αž·αž…αžΆαžšαžŽαžΆαž‘αŸ…αž›αžΎαž€αžΆαžšαžŠαžΆαž€αŸ‹αž–αž“αŸ’αž’αžαŸ’αžšαž‘αž”αŸ‹αž‘αŸ…αž’αžΆαž˜αŸαžšαž·αž€αžœαž·αž‰β€‹ αž”αŸ’αžšαžŸαž·αž“αž”αžΎαž€αžΆαžšαž–αž·αž—αžΆαž€αŸ’αžŸαžΆαž‡αžΆαž˜αž½αž™αž“αžΉαž„αž’αžΆαž˜αŸαžšαž·αž€αž˜αž·αž“αž”αžΆαž“αžŸαž˜αŸ’αžšαŸαž…αŸ” 

αžŸαŸαž…αž€αŸ’αžαžΈαž”αŸ’αžšαž€αžΆαžŸαž›αžΎαž€αžΆαžšαž”αž·αž‘αž•αŸ’αž›αžΌαžœαžŠαŸ†αžŽαžΎαžšαž‘αŸαžŸαž…αžšαžŽαŸαžšαž”αžŸαŸ‹αž›αŸ„αž€αž”αŸ’αžšαž’αžΆαž“αžΆαž’αž·αž”αžαžΈ Donald Trump

αž›αŸ„αž€ Trump αž”αžΆαž“αž’αŸ’αžœαžΎαž€αžΆαžšαž αžΆαž˜αžƒαžΆαžαŸ‹αž€αžΆαžšαž’αŸ’αžœαžΎαžŠαŸ†αžŽαžΎαžš αž“αž·αž„αž€αžΆαžšαžšαžΉαžαž”αž“αŸ’αžαžΉαž„αž…αžΌαž›αž˜αž€αž€αžΆαž“αŸ‹αž’αžΆαž˜αŸαžšαž·αž€αž˜αŸ’αžαž„αž‘αŸ€αž αžŠαŸ‚αž›αž‚αŸ’αžšαŸ„αž„αž“αžΉαž„αž…αžΌαž›αž‡αžΆαž’αžšαž˜αžΆαž“αž“αŸ…αž˜αŸ‰αŸ„αž„ 12:01 αž–αŸ’αžšαžΉαž€αžαŸ’αž„αŸƒαž…αž“αŸ’αž‘ αž›αžΎαž”αŸ’αžšαž‘αŸαžŸαž˜αž½αž™αž…αŸ†αž“αž½αž“αžšαž½αž˜αž˜αžΆαž“ Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, Yemen αž“αž·αž„αž‡αžΆαž…αŸ’αžšαžΎαž“αž‘αŸ€αžαŸ” αžœαž·αž’αžΆαž“αž€αžΆαžšαž‘αžΆαŸ†αž„αž“αŸαŸ‡αž”αžΆαž“αž’αŸ’αžœαžΎαž‘αžΎαž„αž€αŸ’αžšαŸ„αž™αž–αžΈαž˜αžΆαž“αž€αžΆαžšαžœαžΆαž™αž”αŸ’αžšαž αžΆαžšαž—αŸαžšαžœαž€αž˜αŸ’αž˜αž“αžΆαž–αŸαž›αžαŸ’αž˜αžΈαŸ—αž“αŸ…αž‘αžΈαž€αŸ’αžšαž»αž„ Boulder αžšαžŠαŸ’αž‹ Colorado αž αžΎαž™αžœαžΆαž”αžΆαž“αž”αž„αŸ’αž€αž±αŸ’αž™αž˜αžΆαž“αž€αžΆαžšαž—αžΆαž“αŸ‹αž…αŸ’αžšαž‘αŸ†αž˜αž½αž™αž…αŸ†αž“αž½αž“αž€αŸ’αž“αž»αž„αž…αŸ†αžŽαŸ„αž˜αž”αŸ’αžšαž‡αžΆαž‡αžΆαžαž·αž“αžΆαž“αžΆ αžŠαŸ‚αž›αž‡αžΆαž€αžαŸ’αžαžΆαž˜αž½αž™αž‘αŸ€αžαž€αŸ’αž“αž»αž„αž€αžΆαžšαž‡αŸ†αžšαž»αž‰αž±αŸ’αž™αžαž˜αŸ’αž›αŸƒαž˜αžΆαžŸαž‘αžΎαž„αžαŸ’αž–αžŸαŸ‹αž•αž„αžŠαŸ‚αžšαŸ”

αž€αž·αž…αŸ’αž…αž–αŸ’αžšαž˜αž–αŸ’αžšαŸ€αž„ Trump-Putin 

αž€αžΆαžšαžŸαž“αŸ’αž‘αž“αžΆαžαžΆαž˜αž‘αžΌαžšαžŸαŸαž–αŸ’αž‘αžšαžœαžΆαž„αž›αŸ„αž€ Trump αž“αž·αž„αž›αŸ„αž€ Putin αž”αžΆαž“αž’αŸ’αžœαžΎαž±αŸ’αž™αžŸαž αžšαžŠαŸ’αž‹αž’αžΆαž˜αŸαžšαž·αž€ αž“αž·αž„αžšαž»αžŸαŸ’αžŸαŸŠαžΈαž±αŸ’αž™αž€αžΆαž“αŸ‹αžαŸ‚αž‡αž·αžαžŸαŸ’αž“αž·αž‘αŸ’αž’αž‡αžΆαž„αž˜αž»αž“ αžŠαŸ„αž™αžŸαžΆαžšαžαŸ‚αž–αž½αž€αž‚αŸαžŸαž·αž‘αŸ’αž’αžαŸ‚αž˜αžΆαž“αž‚αŸ„αž›αžŠαŸ…αžŠαžΌαž…αž‚αŸ’αž“αžΆαŸ” αž‘αžΈαž˜αž½αž™ αž–αž½αž€αž‚αŸαž‘αžΆαŸ†αž„αž–αžΈαžšαž‘αž‘αž½αž›αžŸαŸ’αž‚αžΆαž›αŸ‹αžαžΆ αžšαž»αžŸαŸ’αžŸαŸŠαžΈ αž“αž·αž„αž’αŸŠαž»αž™αž€αŸ’αžšαŸ‚αž“ αž”αŸ’αžšαž αŸ‚αž›αž‡αžΆαž˜αž·αž“αž“αžΆαŸ†αž˜αž€αž“αžΌαžœ “αžŸαž“αŸ’αžαž·αž—αžΆαž–αž—αŸ’αž›αžΆαž˜αŸ—” αž¬αž”αž‰αŸ’αžˆαž”αŸ‹αž”αž‘αž”αžΆαž‰αŸ‹αž”αŸ’αžšαž αžΆαžšαž—αŸ’αž›αžΆαž˜αŸ—αž“αŸ„αŸ‡αž‘αŸ αž‘αŸ„αŸ‡αž”αžΈαž‡αžΆαž˜αžΆαž“αž€αžΆαžšαž–αž·αž—αžΆαž€αŸ’αžŸαžΆαž™αžΌαžšαž˜αž€αž αžΎαž™αž€αŸαžŠαŸ„αž™αŸ” αž›αžΎαžŸαž–αžΈαž“αŸαŸ‡ αž›αŸ„αž€αž–αžΌαž‘αžΈαž“αž€αŸαž”αžΆαž“αž–αŸ’αžšαž˜αžΆαž“αž’αŸ†αž–αžΈαž€αžΆαžšαžŸαž„αžŸαžΉαž€αž…αŸ†αž–αŸ„αŸ‡αž€αžΆαžšαžœαžΆαž™αž”αŸ’αžšαž αžΆαžšαžαŸ’αžšαž‘αž”αŸ‹αž‘αŸ…αžœαž·αž‰αž‘αŸ…αž›αžΎαž”αŸ’αžšαž‘αŸαžŸαž’αŸŠαž»αž™αž€αŸ’αžšαŸ‚αž“αž•αž„αžŠαŸ‚αžšαŸ” αž‘αžΈαž–αžΈαžš αžšαž»αžŸαŸ’αžŸαŸŠαžΈβ€‹αž’αžΆαž…β€‹αž“αžΉαž„β€‹αž…αžΌαž›β€‹αžšαž½αž˜β€‹αž–αž·αž—αžΆαž€αŸ’αžŸαžΆαž€αŸ’αž“αž»αž„αž€αž˜αŸ’αž˜αžœαž·αž’αžΈβ€‹αž“αž»αž™αž€αŸ’αž›αŸαž’αŸŠαŸ‚αžšβ€‹αžšαž”αžŸαŸ‹αž’αž»αžΈαžšαŸ‰αž„αŸ‹ αžŠαŸ‚αž›β€‹αž‡αž½αž™β€‹αž’αžΆαž˜αŸαžšαž·αž€β€‹αž€αŸ’αž“αž»αž„β€‹αž€αžΆαžšβ€‹αžŠαŸ„αŸ‡αžŸαŸ’αžšαžΆαž™β€‹αž€αž·αž…αŸ’αž…αž–αŸ’αžšαž˜αž–αŸ’αžšαŸ€αž„αž±αŸ’αž™β€‹αž”αžΆαž“β€‹αž›αžΏαž“αž‡αžΆαž„αž“αŸαŸ‡αŸ” 

αž‘αžŸαŸ’αžŸαž“αžœαž·αžŸαŸαž™αžŸαŸαžŠαŸ’αž‹αž€αž·αž…αŸ’αž…αž’αžΆαž˜αŸαžšαž·αž€ 

αž‘αž·αž“αŸ’αž“αž“αŸαž™αžšαž”αžŸαŸ‹αžŸαž αžšαžŠαŸ’αž‹αž’αžΆαž˜αŸαžšαž·αž€αž€αžΆαž›αž–αžΈαž™αž”αŸ‹αž˜αž·αž‰αž”αž„αŸ’αž αžΆαž‰αž–αžΈαž€αžΆαžšαž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡αž“αŸƒαžŸαŸ’αžαžΆαž“αž—αžΆαž–αž‘αžΈαž•αŸ’αžŸαžΆαžšαž€αžΆαžšαž„αžΆαžš αžαžŽαŸˆαž–αŸαž›αžŠαŸ‚αž›αž‘αžŸαŸ’αžŸαž“αžœαž·αžŸαŸαž™αžŸαŸαžŠαŸ’αž‹αž€αž·αž…αŸ’αž…αž”αŸ’αžšαž αŸ‚αž›αž‡αžΆαž˜αž·αž“αžŸαžΌαžœαž›αŸ’αž’αž“αŸ„αŸ‡αž‘αŸ αžŠαŸ„αž™αžŸαžΆαžšαž•αž›αž”αŸ‰αŸ‡αž–αžΆαž›αŸ‹αž“αŸƒαž–αž“αŸ’αž’αž‚αž™αž˜αžΆαž“αž—αžΆαž–αž˜αž·αž“αž”αŸ’αžšαžΆαž€αžŠαž”αŸ’αžšαž‡αžΆαŸ” αž‡αžΆαž€αŸ‹αžŸαŸ’αžαŸ‚αž„ αž‘αž·αž“αŸ’αž“αž“αŸαž™αž€αžΆαžšαž„αžΆαžš ADP Nonfarm Employment αž”αžΆαž“αž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡αžŠαž›αŸ‹αž€αž˜αŸ’αžšαž·αžαž‘αžΆαž”αž”αŸ†αž•αž»αžαž…αžΆαž”αŸ‹αžαžΆαŸ†αž„αž–αžΈαžαŸ‚αž˜αžΈαž“αžΆ αž†αŸ’αž“αžΆαŸ† 2023 αžαžŽαŸˆαž–αŸαž›αžŠαŸ‚αž›αžŸαž“αŸ’αž‘αžŸαŸ’αžŸαž“αŸαž’αŸ’αž“αž€αž‚αŸ’αžšαž”αŸ‹αž‚αŸ’αžšαž„αž€αžΆαžšαž‘αž·αž‰αžŸαŸαžœαžΆαž€αž˜αŸ’αž˜ ISM αž€αŸαž”αžΆαž“αž’αŸ’αž›αžΆαž€αŸ‹αž…αž»αŸ‡αž€αŸ’αžšαŸ„αž˜αžαž˜αŸ’αž›αŸƒ 50 αž“αŸ„αŸ‡αžŠαŸ‚αžšαŸ” 

αž€αžαŸ’αžαžΆαž‘αžΆαŸ†αž„αž’αžŸαŸ‹αž“αŸαŸ‡ αž‚αž½αž”αž•αŸ’αžŸαŸ†αž‡αžΆαž˜αž½αž™αž“αžΉαž„αž€αžΆαžšαžŠαžΆαž€αŸ‹αžŸαž˜αŸ’αž–αžΆαž’αžšαž”αžŸαŸ‹αž›αŸ„αž€ Trump αž›αžΎαž€αžΆαžšαž”αž“αŸ’αž’αžΌαžšαž”αž“αŸ’αžαž™αž’αžαŸ’αžšαžΆαž€αžΆαžšαž”αŸ’αžšαžΆαž€αŸ‹αžšαž”αžŸαŸ‹αž’αž“αžΆαž‚αžΆαžšαž€αžŽαŸ’αžαžΆαž›αž’αžΆαž˜αŸαžšαž·αž€ αžŸαž»αž‘αŸ’αž’αžαŸ‚αž’αžΆαž…αž‡αŸ†αžšαž»αž‰αž±αŸ’αž™αžαž˜αŸ’αž›αŸƒαž˜αžΆαžŸαž€αžΎαž“αž‘αžΎαž„αžŠαž›αŸ‹ $3,384 αž€αŸ’αž“αž»αž„αž˜αž½αž™αž’αŸ„αž“αŸ”

|English Version|

The Bank of Canada 

Given how the Bank of Canada is gaining more confidence in the economic outlook, this has led them to hold the interest rate steady at 2.75%. However, they also raised the potential for re-acceleration from the tariff impact, while too much weakening in economic activities might require further easing, as per the Bank of Canada’s Governor Macklem. Furthermore, a reliable source also mentioned the likelihood that Canada is now considering a retaliatory tariff against the US if the removal does not succeed. 

Mr. President Donald Trump’s Travel Bank Announcement

Trump reinstated the travel ban and restriction once again after his first term’s ban in 2017, which is set to go into effect this time at 12:01 AM Monday on countries including Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, Yemen, and many more. These measures followed the news of the recent terror attack in Boulder, Colorado, and that has caused some confusion among the nations, which is also another factor in pushing GOLD up high.  

The Trump-Putin agreement. 

A phone call between Trump and Putin has pulled both the US and Russia closer, given how they both agreed on certain terms. First, they both acknowledge that Russia and Ukraine might not bring β€œimmediate peace” despite having prolonged discussions. Plus, Putin also warned about taking revenge for the Ukrainian drone attack. Secondly, Russia might possibly be involved in Iran’s nuclear program, aiding the US to settle the agreement faster. 

The US Economic Outlook 

Last night’s US data suggests a weakening in labor market conditions, while the economic outlook might not be as bright as before, given how uncertain the tariff impact is. ADP Nonfarm Employment changes dropped to the lowest since March 2023, while the ISM service purchasing managers’ index also contracted below the benchmark. 

With all these factors coming into play, along with how Trump continues to put pressure on the Federal Reserve to lower the interest rate, these have led the gold price to surge to $3,384 per ounce.

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