Considerable economic changes and geopolitical tensions impacted global markets and policymaking in 2024. The diverging growth rates among the developed economies are influencing expectations for interest rate movements.
Furthermore, the new Trump administration’s suggested policy measures have created uncertainties about their effects on inflation, leading to a more hawkish stance from the US Federal Reserve following the presidential elections. Collectively, these factors suggest ongoing support for a strong US dollar, building on the 7.0% increase in the US Dollar Index (DXY) in 2024.
Gain vital insights into how these developments may shape metals price outlook in 2025.
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