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Gold prices remained steady in Asian trading on Wednesday, as investors exercised caution ahead of a key U.S. inflation report. The metal continued to find support from its safe-haven appeal amid ongoing volatility surrounding President Donald Trump\u2019s shifting tariff policies.<\/p>\n\n\n\n
Spot gold held at $2,911.17 per ounce<\/strong>, while gold futures expiring in April<\/strong> were unchanged at $2,921.24 an ounce<\/strong> as of 02:32 ET (06:32 GMT).<\/strong><\/p>\n\n\n\n Market participants are closely watching the release of the U.S. Consumer Price Index (CPI)<\/strong>, which could provide further clarity on the Federal Reserve\u2019s monetary policy stance.<\/p>\n\n\n\n Lower interest rates typically bolster gold prices by reducing the opportunity cost of holding non-yielding assets like gold. However, recent statements from Federal Reserve officials suggest that a near-term rate cut remains unlikely<\/strong>, with policymakers remaining cautious about inflation risks, particularly in the wake of recent trade policy shifts.<\/p>\n\n\n\n The Fed\u2019s next policy meeting<\/strong> is scheduled for March 18-19<\/strong>, where officials will decide on the direction of interest rates.<\/p>\n\n\n\n Adding to global economic concerns, President Donald Trump\u2019s 25% tariff on all U.S. imports of steel and aluminum officially came into effect on Wednesday.<\/strong> The measure impacts a broad range of products, from industrial machinery to everyday consumer goods such as soda cans.<\/p>\n\n\n\n Prior to the enforcement, Trump had briefly proposed raising tariffs on Canadian steel and aluminum to 50%<\/strong>, citing Ontario\u2019s new trade restrictions. However, after negotiations between Ontario Premier Doug Ford and U.S. Commerce Secretary Howard Lutnick<\/strong>, Ontario agreed to suspend its 25% surcharge on electricity exports to the U.S.<\/strong> As a result, the Trump administration reverted to the original 25% tariff<\/strong> instead of implementing the higher rate.<\/p>\n\n\n\n The imposition of these tariffs has intensified concerns over a potential economic slowdown<\/strong>, further supporting gold\u2019s status as a safe-haven asset.<\/p>\n\n\n\n The U.S. Dollar Index<\/strong> edged up 0.2%<\/strong> in Asian trading but remained near a four-month low reached last week.<\/p>\n\n\n\n Among other precious metals:<\/p>\n\n\n\n With inflation concerns and trade tensions remaining in focus, gold is likely to remain well-supported in the near term as investors await fresh cues from the Federal Reserve and global economic developments.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices remained steady in Asian trading on Wednesday, as investors exercised caution ahead of a key U.S. inflation report. The metal continued to find support from its safe-haven appeal amid ongoing volatility surrounding President Donald Trump\u2019s shifting tariff policies. Spot gold held at $2,911.17 per ounce, while gold futures expiring in April were unchanged …<\/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-112723","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\/112723","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=112723"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112723\/revisions"}],"predecessor-version":[{"id":112724,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112723\/revisions\/112724"}],"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=112723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Investors Await U.S. CPI Data for Fed Rate Signals<\/strong><\/h4>\n\n\n\n
Trump\u2019s 25% Steel and Aluminum Tariffs Take Effect<\/strong><\/h4>\n\n\n\n
Other Precious Metals & Currency Movements<\/strong><\/h4>\n\n\n\n
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