A new administration has moved into the White House, with President Trump returning to the Oval Office. As expected, a flurry of executive orders has been signed, many driven by his "America First" strategy.
In the lead-up to the inauguration, concerns over tariffs and a potential global trade war weighed heavily on markets. This anxiety pushed gold prices above $2,700 an ounce and silver back over $30 an ounce last week. Since then, markets have calmed slightly, as it appears trade tariffs and protectionist measures will take time to materialize. However, tariffs and trade wars typically add costs and uncertainty, which tend to support precious metals as we are already seeing.
It’s worth noting that gold, and to a lesser extent silver, has become less tied to U.S. markets in recent years. How the next four years unfold—and how trade partners like China respond to Trump’s policies—will be key. With China’s economy under strain, its response to the new administration will be closely watched by both markets and gold investors.
In true Trump fashion, the President and First Lady Melania launched their own meme coin just 48 hours before the inauguration. This bold move is explored in this week’s video, where Jan Skoyles examines the launch of Trump’s meme coin and its implications for the financial system. She highlights the risks of speculative assets like cryptocurrencies, the growing disregard for counterparty risk, and why physical gold and silver remain essential for protecting wealth in uncertain times.
About the author
David Russell
GoldCore
David is the CEO of GoldCore.
Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding.
David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020.
Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications.
"Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments."
When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.