

The Trump coin, as well as wife Melania Trump’s official cryptocurrency, are among the topmost gainers early Monday. It remains to be seen if Trump’s oath-taking ceremony and upcoming term will result in positive developments for the crypto sector, as has been predicted by experts across the globe.
According to Vijay Valecha, Chief Investment Officer, Century Financial, "If Trump makes any announcements regarding rate cuts or makes any pro-crypto move, BTC and other coins are naturally expected to rally as well."
TRUMP, the official meme coin of President-elect Donald Trump, saw its value drop by over 50% after Melania Trump introduced her meme coin, MELANIA. TRUMP reached an all-time high of $75.35 within the past 24 hours but was trading at $53.40 with a day's low of $35, reflecting a 53% decline. This sell-off erased nearly $5 billion from its market value.
Oil was steady ahead of the inauguration of President-elect Donald Trump, as the market braced for a period of uncertainty and turmoil at the start of his second term in the White House.
The incoming president has also threatened hefty tariffs on trade partners including China, Canada, and Mexico, and could implement sanctions on Iran.
Crude has rallied at the start of the year after frigid weather in the Northern Hemisphere drove higher heating demand and broader US sanctions on Russia’s oil industry left customers in Asia seeking alternative supplies.
Trading volumes for Monday’s session may be lower due to a federal holiday in the US.
The additional sanctions on Russia have upended tanker markets, led to prices of Middle Eastern crude surging and Brent’s prompt spread widening in a bullish backwardation structure.
Speculators have increased their long-only positions on Brent, although there’s also been a smaller buildup of shorts.
Scott Bessent, Trump’s nominee for Treasury secretary, said last week he would support dialing up measures targeting Russia’s oil industry, which would likely mean even more disruption. The President-elect’s pick for national security adviser has previously vowed “maximum pressure” on Iran.
“If Bessent gets his way, the energy sanctions will only tighten,” said Vishnu Varathan, head of economics and strategy for Mizuho Bank Ltd. “But the bigger picture for me is that the US is intent on extending its reach as a dominant energy exporter.”
Meanwhile, a ceasefire in Gaza has begun, leading to a suspension of prolonged hostilities.
Oil was steady ahead of the inauguration of President-elect Donald Trump, as the market braced for a period of uncertainty and turmoil at the start of his second term in the White House.
Brent traded below $81 a barrel after falling over the past two sessions, while West Texas Intermediate was near $78. Trump is poised to invoke emergency powers in the hours after he’s sworn in as part of his plan to unleash domestic energy production, according to people familiar with the matter.
Gold advanced for the third straight week despite closing in the red on Friday. The precious metal was bolstered by a moderation in the Core CPI reading. It is currently holding steady at around $2,710, ahead of Donald Trump’s inauguration as the U.S. president. Market participants are cautious about the prospect of sweeping tariffs and subsequent trade wars under the Trump administration. On the one hand, this has the potential to revive inflationary pressures, which is negative for gold. On the other hand, heightened global uncertainty and geopolitical tensions sparked by Trump’s policies could equally trigger a flight to safety.
Gold prices in Oman:
24 Carat – RO34.350
22 Carat – RO32.25
18 Carat – RO25.30
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