The price of gold rose by more than 1% on Tuesday, hitting a two-month high, a day after United States President Donald Trump was officially sworn in, as investors contemplated how his incoming trade policies may affect the economy. Meanwhile, the dollar declined by 0.27% against the euro and by 0.38% against the pound at 10:00 am ET, as investors turned to safer investments.
Gold jumped by 1.13% at 9:59 am ET and sold for $2,738.57, reaching its highest value since November 6, which was a day after the US presidential election. The price of silver rose by 0.66% at 9:56 am ET, selling for $30.74.
