<\/p>\n\n\n\n
Gold prices edged higher in Asian trading on Tuesday as the U.S. dollar weakened to a four-month low amid mounting recession fears driven by President Donald Trump\u2019s trade policies. Investors are now cautiously awaiting the release of U.S. consumer price index (CPI) data scheduled for Wednesday, which could have a significant impact on the Federal Reserve\u2019s upcoming monetary policy decision amid ongoing tariff uncertainties.<\/p>\n\n\n\n
Spot gold rose 0.4% to $2,900.17 per ounce, while April gold futures increased 0.2% to $2,904.50 an ounce by 02:36 ET (06:36 GMT).<\/p>\n\n\n\n
Trump\u2019s administration has imposed 25% tariffs on imports from Mexico and Canada, with additional measures targeting China, fueling concerns about potential economic slowdowns and rising inflation. In a recent Fox News interview, President Trump refrained from predicting whether the U.S. might slip into a recession in 2025, even as a Reuters poll indicated that economic risks are mounting for Mexico, Canada, and the U.S. due to the chaotic implementation of these tariffs.<\/p>\n\n\n\n
Amid these developments, gold\u2019s safe-haven appeal remained strong, as the weakening dollar\u2014down 0.2% and near its four-month low\u2014made the yellow metal more attractive to foreign investors. Market participants are also closely watching for February\u2019s CPI data, the final crucial indicator ahead of the Federal Reserve\u2019s meeting on March 18-19 to determine the future course of interest rates.<\/p>\n\n\n\n
Other precious metals were largely subdued. Platinum futures inched 0.3% lower to $961.20 per ounce, while silver futures rose 0.3% to $32.638 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices edged higher in Asian trading on Tuesday as the U.S. dollar weakened to a four-month low amid mounting recession fears driven by President Donald Trump\u2019s trade policies. Investors are now cautiously awaiting the release of U.S. consumer price index (CPI) data scheduled for Wednesday, which could have a significant impact on the Federal …<\/p>\n","protected":false},"author":9,"featured_media":103762,"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":[7603],"class_list":["post-112694","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112694","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=112694"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112694\/revisions"}],"predecessor-version":[{"id":112695,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112694\/revisions\/112695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103762"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}