Investors were waiting for key US inflation data due to book profits, which will provide more clues about the Federal Reserve’s interest rate policy. Market sentiment suggests it will cut rates again in June after cutting rates three times in 2024. China’s reserves rose to 73.61 million fine troy ounces in February from 73.45 million…
Gold prices closed down 0.79% at $85,196 as investors worried about a strong U.S. dollar and key inflation data. Uncertainty over U.S. trade plans also weighed on the market, with the U.S. President considering imposing a 25% “reciprocal” tariff on European automobiles and postponing additional tariffs on imports from Mexico and Canada until April 2….
Gold prices rose 0.13% to close at 86,024 on rising trade tensions. Inflation concerns have risen as a result of the US President’s tariff threats against several industries and his ongoing tariffs on Chinese imports and metals. The Federal Reserve’s cautious approach to interest rate cuts in the face of these inflationary pressures was reiterated…
