Gold prices firmed on Monday, supported by a weak U.S. dollar, as markets awaited Donald Trump's return to the White House and his inauguration speech later in the day for hints on the impact of his upcoming policies on the economy and rate-cut outlook.

When Donald Trump takes the oath of office today, he will enter the White House with an economy that’s in dramatically better shape than when he left four years ago. Read more

This president's second term is set to reshape global economic policy, with trade tariffs, tax cuts, and a stronger dollar impacting inflation and interest rates. While the Fed may hold or tighten rates,

The dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.

The dollar was on the defensive at the start of a pivotal week on Monday as Donald Trump returns to the White House, with his inauguration speech later in the day the primary focus for investors hoping to decipher his immediate policies.