{"id":112369,"date":"2025-02-28T12:02:49","date_gmt":"2025-02-28T08:02:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112369"},"modified":"2025-02-28T12:02:52","modified_gmt":"2025-02-28T08:02:52","slug":"gold-prices-decline-as-dollar-gains-but-remain-on-track-for-monthly-increase","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-decline-as-dollar-gains-but-remain-on-track-for-monthly-increase\/02\/28\/market-updates\/","title":{"rendered":"Gold Prices Decline as Dollar Gains, But Remain on Track for Monthly Increase"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Gold prices edged lower in Asian trading on Friday<\/strong> as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The U.S. dollar strengthened<\/strong> ahead of key inflation data.<\/li>\n\n\n\n<li><strong>Investors awaited the U.S. PCE price index<\/strong>, the Federal Reserve\u2019s preferred inflation gauge, for further rate signals.<\/li>\n<\/ul>\n\n\n\n<p>At <strong>01:44 ET (06:44 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold fell 0.4% to $2,864.94 per ounce<\/strong>.<\/li>\n\n\n\n<li><strong>Gold futures (April) lost 0.6% to $2,877.80 per ounce<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold Set for a 2% Monthly Gain Amid Trade Tensions<\/strong><\/h3>\n\n\n\n<p>Despite Friday\u2019s decline, <strong>gold remains up nearly 2% this month<\/strong>, driven by:<br>\u2705 <strong>Safe-haven demand amid U.S. trade tariff concerns<\/strong>.<br>\u2705 <strong>Uncertainty over Federal Reserve interest rate policy<\/strong>.<br>\u2705 <strong>Worries that tariffs could fuel inflation risks while slowing economic growth<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump\u2019s Tariff Plans Fuel Investor Caution<\/strong><\/h3>\n\n\n\n<p>Investors grew wary after <strong>Trump reaffirmed plans<\/strong> to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Impose a 25% tariff on Mexican and Canadian imports<\/strong>.<\/li>\n\n\n\n<li><strong>Introduce a fresh 10% tariff on Chinese goods<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>\ud83d\udd39 <em>ING analysts noted:<\/em> &#8220;Concerns that tariffs might intensify inflation risks as economic growth slows are boosting demand for safe-haven assets like gold.&#8221;<\/p>\n\n\n\n<p>\ud83d\udd39 They added: &#8220;With tariff concerns likely to linger, gold will continue to benefit from heightened uncertainty.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Precious Metals Decline Amid Dollar Strength<\/strong><\/h3>\n\n\n\n<p>\ud83d\udcc9 <strong>Platinum Futures<\/strong> fell <strong>0.4% to $948.55 an ounce<\/strong>.<br>\ud83d\udcc9 <strong>Silver Futures<\/strong> dropped <strong>1% to $31.495 an ounce<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Copper Falls on Tariff Concerns, But China Stimulus Could Limit Losses<\/strong><\/h2>\n\n\n\n<p>Copper prices declined further as <strong>Trump\u2019s trade policies raised fears of slowing global growth<\/strong>.<\/p>\n\n\n\n<p>\ud83d\udccc In early February, <strong>Trump announced a 25% tariff on all steel and aluminum imports<\/strong>, set to take effect on <strong>March 12<\/strong>.<\/p>\n\n\n\n<p>\ud83d\udd39 <em>ING analysts commented:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Tariffs are <strong>bearish for industrial metals<\/strong> as global growth slows.&#8221;<\/li>\n\n\n\n<li>&#8220;However, expectations that <strong>Beijing may introduce more aggressive stimulus measures<\/strong> could limit the downside for metal prices.&#8221;<\/li>\n<\/ul>\n\n\n\n<p>At <strong>Friday\u2019s session<\/strong>:<br>\ud83d\udcc9 <strong>London Metal Exchange Copper Futures<\/strong> dropped <strong>0.7% to $9,354.40 per ton<\/strong>.<br>\ud83d\udcc9 <strong>April Copper Futures<\/strong> slid <strong>1% to $4.549 per pound<\/strong>.<\/p>\n\n\n\n<p>\ud83d\udca1 The <strong>immediate focus remains on China\u2019s potential stimulus measures<\/strong>, which could <strong>support demand for industrial metals<\/strong> despite global trade concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower in Asian trading on Friday as: The U.S. dollar strengthened ahead of key inflation data. Investors awaited the U.S. PCE price index, the Federal Reserve\u2019s preferred inflation gauge, for further rate signals. At 01:44 ET (06:44 GMT): Spot gold fell 0.4% to $2,864.94 per ounce. Gold futures (April) lost 0.6% to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":94938,"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":[38,36],"tags":[],"class_list":["post-112369","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112369","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=112369"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112369\/revisions"}],"predecessor-version":[{"id":112370,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112369\/revisions\/112370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94938"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}