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Gold prices edged higher in Asian trading on Thursday as the U.S. dollar slid to a four-month low amid indications that President Donald Trump might be open to negotiating his recently imposed steep trade tariffs. Spot gold inched up 0.1% to $2,921.42 per ounce, while April gold futures gained 0.1% to $2,929.49 per ounce by 01:15 ET (06:15 GMT).<\/p>\n\n\n\n
The decline in the dollar followed Trump’s decision to delay imposing auto tariffs on Canada and Mexico by one month, a move that the White House signaled could be accompanied by further tariff exemptions. This postponement is seen as a potential softening of his trade stance, alleviating immediate concerns over escalating trade tensions. With the dollar weakening against major currencies, gold has become more attractive to investors, especially as a safe-haven asset during periods of economic uncertainty.<\/p>\n\n\n\n
Market participants are also exercising caution ahead of the upcoming U.S. payroll data scheduled for release on Friday. This report is expected to provide critical insights into the Federal Reserve’s future interest rate decisions, particularly given recent inflation data that has reinforced a hawkish stance.<\/p>\n\n\n\n
In other precious metals, platinum futures slipped 1.1% to $973.76 per ounce, while silver futures inched up 0.2% to $33.213 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices edged higher in Asian trading on Thursday as the U.S. dollar slid to a four-month low amid indications that President Donald Trump might be open to negotiating his recently imposed steep trade tariffs. Spot gold inched up 0.1% to $2,921.42 per ounce, while April gold futures gained 0.1% to $2,929.49 per ounce by …<\/p>\n","protected":false},"author":9,"featured_media":110976,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-112542","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112542","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=112542"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112542\/revisions"}],"predecessor-version":[{"id":112543,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112542\/revisions\/112543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}