Gold prices remained largely unchanged in Asian trading on Wednesday as investors braced for the Federal Reserve\u2019s policy decision amid growing uncertainty surrounding U.S. trade policies under President Donald Trump.<\/p>\n\n\n\n
Spot gold<\/strong> was muted at $2,762.64 per ounce<\/strong>, while gold futures for February delivery<\/strong> edged up 0.1% to $2,796.06 an ounce<\/strong> as of 01:22 ET (06:22 GMT).<\/p>\n\n\n\n Markets are focused on the Fed\u2019s two-day policy meeting, which is expected to conclude with interest rates remaining unchanged. However, investors are keenly watching for any signals on inflation risks and the potential timing of rate cuts in 2025.<\/p>\n\n\n\n A dovish<\/strong> stance could push gold prices to new highs, as lower interest rates reduce the opportunity cost of holding non-yielding assets like gold.<\/p>\n\n\n\n Trump\u2019s renewed push for aggressive import tariffs<\/strong>\u2014targeting steel, aluminum, and pharmaceuticals\u2014has raised concerns over escalating trade tensions and inflationary pressures.<\/p>\n\n\n\n Additionally, the expected 25% tariff on Canadian and Mexican imports from February 1<\/strong>, along with potential additional duties on Chinese goods<\/strong>, has fueled risk-off sentiment, boosting safe-haven demand for gold.<\/p>\n\n\n\n The Lunar New Year celebrations<\/strong> in China, the world\u2019s largest gold consumer, have led to subdued trading volumes. Once the holiday period ends, gold demand could see a revival, impacting price movements.<\/p>\n\n\n\n The U.S. Dollar Index<\/strong> edged 0.1% lower<\/strong> on Wednesday after a 0.5% surge on Tuesday<\/strong>, slightly easing pressure on gold. A weaker dollar generally supports gold prices by making the metal cheaper for foreign buyers.<\/p>\n\n\n\n Copper prices continued to retreat as concerns over Trump\u2019s potential import tariffs on industrial metals<\/strong> weighed on market sentiment.<\/p>\n\n\n\n Adding to the pressure, China\u2019s weakening factory activity and ongoing property sector struggles<\/strong> have cast doubts on future demand. The latest data showed manufacturing contracted in January<\/strong>, ending a three-month growth streak.<\/p>\n\n\n\n Gold prices remained largely unchanged in Asian trading on Wednesday as investors braced for the Federal Reserve\u2019s policy decision amid growing uncertainty surrounding U.S. trade policies under President Donald Trump. Spot gold was muted at $2,762.64 per ounce, while gold futures for February delivery edged up 0.1% to $2,796.06 an ounce as of 01:22 ET …<\/p>\n","protected":false},"author":9,"featured_media":110167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6874,6897],"class_list":["post-111142","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold","tag-trump"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111142"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111142\/revisions"}],"predecessor-version":[{"id":111144,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111142\/revisions\/111144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key Factors Influencing Gold Prices<\/strong><\/h3>\n\n\n\n
1. Federal Reserve Meeting: Dovish or Hawkish?<\/strong><\/h4>\n\n\n\n
2. Trump\u2019s Tariff Threats: Inflation and Market Volatility<\/strong><\/h4>\n\n\n\n
3. Lunar New Year Holiday in China<\/strong><\/h4>\n\n\n\n
4. U.S. Dollar and Bond Yields<\/strong><\/h4>\n\n\n\n
Other Precious Metals Stay Muted<\/strong><\/h3>\n\n\n\n
\n
Copper Slides as Trump\u2019s Tariff Plans Hit Industrial Metals<\/strong><\/h3>\n\n\n\n
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Market Outlook<\/strong><\/h3>\n\n\n\n
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