Markets News

Trump Sworn in as US President; Dollar Plunges, Gold Treads Water

· Trump was officially sworn in as President of the United States and gave his longest inaugural speech since 1929. The speech touched on issues such as tariffs, energy, and the Green Deal, but not cryptocurrencies. The new White House official said the U.S. will withdraw from the Paris Climate Accord. This news is positive for crude oil. · The Houthis said they would continue to attack ships associated with Israel. This news is bullish for crude oil. · US media: Trump plans to issue a memorandum on trade policy, but will not impose new tariffs on his first day in office. This news is bullish for the US dollar.

TOPONE Markets Analyst

2025-01-21 09:42:40

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