Diving Market Factor: The Bank of Canada, Donald Trumpβs Pressuring, And US Economic Outlook
αααΆααΆααααααΆαααΆααΆααΆ
αααααΆααααααΆααΆααααααΆαααΆααΆααΆβααΆααααααΆααααα»αα α·αααα αααΎαααΆααα»ααα ααΎααααΆαααΆαααααααα·α αα αααααΆααααα»αα±αααα½ααααααααΆα’ααααΆααΆαααααΆαααα αααα»αααααα·αααααααΊ 2.75%α αααααΆαααΆαααΆααααα αα½αααααααΆαααΎαα‘αΎαααΈααααααΆααααααααα’αΆααα’αΆα αααααΆαααααΆαααααΆαααα ααΎααΆαααΎαα‘αΎαααα’ααααΆα’αα·ααααΆ αα·αααΆαααααΆααα α»αααααααΆαααΆαααααααα·α αα αααα’αΆα ααααΎα±αααα½ααααααααΌααααααααααααααΆαααΌαα·αααααα»ααΆαααααΆααα»α αααααΎαααααΆαα’αα·ααΆααααΆααΆαααΆααΆααΆ Macklem α ααΆαααααα ααα αααααΆααααααααααααΆααα½αααΆαααΎαα‘αΎαααΆ ααααααααΆααΆααΆααΆαααααααααα»ααα·α αΆαααΆαα ααΎααΆαααΆαααααααααα‘αααα α’αΆαααα·ααα·αβ ααααα·αααΎααΆααα·ααΆααααΆααΆαα½αααΉαα’αΆαααα·ααα·αααΆααααααα α
ααα ααααΈαααααΆαααΎααΆααα·αααααΌαααααΎααααα αααααααααααααααΆααΆαα·αααΈ Donald Trump
ααα Trump ααΆαααααΎααΆαα αΆαααΆααααΆαααααΎααααΎα αα·αααΆαααΉααααααΉαα αΌαααααΆααα’αΆαααα·αααααααα ααααααααααΉαα αΌαααΆααααΆααα αααα 12:01 ααααΉαααααα ααα ααΎαααααααα½αα ααα½ααα½αααΆα Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, Yemen αα·αααΆα αααΎααααα αα·ααΆαααΆαααΆαααααααΆαααααΎα‘αΎααααααααΈααΆαααΆαααΆααααα αΆαααααααααααΆαααααααΈααα ααΈαααα»α Boulder αααα Colorado α αΎαααΆααΆαααααα±ααααΆαααΆαααΆααα ααα‘ααα½αα ααα½ααααα»αα αααααααααΆααΆαα·ααΆααΆ αααααΆαααααΆαα½αααααααα»αααΆααααα»αα±αααααααααΆαα‘αΎαααααααααααα
αα·α αα ααααααααα Trump-Putin
ααΆαααααααΆααΆαααΌαααααααααΆαααα Trump αα·αααα Putin ααΆαααααΎα±αααα ααααα’αΆαααα·α αα·ααα»αααααΈα±ααααΆαααααα·ααααα·αααααΆααα»α αααααΆααααα½ααααα·αααααααΆαααααα ααΌα ααααΆα ααΈαα½α αα½αααααΆααααΈαααα½αααααΆααααΆ αα»αααααΈ αα·αα’αα»αααααα αααα ααααΆαα·αααΆαααααΌα “ααααα·ααΆαααααΆαα” α¬ααααααααααΆαααααα αΆαααααΆααααααα αααααΈααΆααΆαααΆααα·ααΆααααΆααΌαααα αΎααααααα ααΎαααΈααα αααααΌααΈαααααΆααααααΆαα’αααΈααΆαααααΉαα ααααααΆαααΆααααα αΆααααα‘αααα αα·ααα ααΎααααααα’αα»αααααααααααα ααΈααΈα αα»αααααΈβα’αΆα βααΉαβα αΌαβαα½αβαα·ααΆααααΆαααα»ααααααα·ααΈβαα»αααααα’αααβααααα’α»αΈαααα αααβαα½αβα’αΆαααα·αβαααα»αβααΆαβαααααααΆαβαα·α αα αααααααααα±ααβααΆαβααΏαααΆααααα
ααααααα·αααααααααα·α αα α’αΆαααα·α
αα·αααααααααααα ααααα’αΆαααα·αααΆαααΈααααα·ααααα αΆαααΈααΆαααααΆααα α»αααααααΆαααΆαααΈααααΆαααΆαααΆα αααααααααααααααα·αααααααααα·α αα αααα ααααΆαα·αααΌαααα’ααααα αααααΆααααααααΆααααααααααααΆαααΆααα·αααααΆαααααααΆα ααΆααααααα αα·ααααααααΆαααΆα ADP Nonfarm Employment ααΆαααααΆααα α»ααααααααα·αααΆααααα»αα αΆααααΆααααΈααααΈααΆ ααααΆα 2023 ααααααααααααααααααα’ααααααααααααααΆααα·αααααΆαααα ISM ααααΆαααααΆααα α»ααααααααααα 50 ααααααα
αααααΆααΆααα’ααααα αα½αααααααΆαα½αααΉαααΆαααΆαααααααΆαααααααα Trump ααΎααΆααααααΌααααααα’ααααΆααΆαααααΆαααααααααΆααΆααααααΆαα’αΆαααα·α αα»αααααα’αΆα αααα»αα±αααααααααΆαααΎαα‘αΎαααα $3,384 αααα»ααα½αα’ααα
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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 Canadaβs 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 Trumpβs Travel Bank Announcement
Trump reinstated the travel ban and restriction once again after his first termβs 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 βimmediate peaceβ despite having prolonged discussions. Plus, Putin also warned about taking revenge for the Ukrainian drone attack. Secondly, Russia might possibly be involved in Iranβs nuclear program, aiding the US to settle the agreement faster.
The US Economic Outlook
Last nightβs 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 managersβ 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.