Gold prices climbed in Asian trading on Thursday<\/strong>, supported by weaker-than-expected U.S. inflation data<\/strong>, which reinforced expectations of interest rate cuts<\/strong> by the Federal Reserve<\/strong>.<\/p>\n\n\n\n Spot gold<\/strong> rose 0.4%<\/strong> to $2,945.18 per ounce<\/strong>, while gold futures for April delivery<\/strong> edged 0.2% higher<\/strong> to $2,953.62 per ounce<\/strong> as of 00:56 ET (04:56 GMT)<\/strong>.<\/p>\n\n\n\n The U.S. Consumer Price Index (CPI) for February<\/strong> increased 0.2% month-over-month<\/strong>, translating to an annual gain of 2.8%<\/strong>\u2014slightly below the expected 2.9%<\/strong> and cooling from 3.0% in January<\/strong>.<\/p>\n\n\n\n This slower inflation growth<\/strong> has fueled speculation that the Fed may lower interest rates sooner than expected<\/strong>, with markets now pricing in three rate cuts in 2025<\/strong>, starting in June<\/strong>, according to the FedWatch tool<\/strong>.<\/p>\n\n\n\n Lower interest rates reduce the opportunity cost of holding non-yielding assets<\/strong> like gold<\/strong>, increasing its attractiveness to investors.<\/p>\n\n\n\n The Federal Reserve is set to meet on March 18-19<\/strong>, where policymakers will assess the latest inflation data and its impact on monetary policy<\/strong>.<\/p>\n\n\n\n Further escalations in trade tensions<\/strong> between the U.S. and its partners have bolstered demand for safe-haven assets<\/strong> like gold.<\/p>\n\n\n\n On Wednesday, President Donald Trump threatened new tariffs on European Union (EU) goods<\/strong> in response to the EU\u2019s planned countermeasures<\/strong> against U.S. tariffs.<\/p>\n\n\n\n This comes after the U.S. imposed a 25% tariff on steel and aluminum imports<\/strong>, prompting Canada to respond with $21 billion in retaliatory tariffs<\/strong> on U.S. exports.<\/p>\n\n\n\n The U.S. Dollar Index<\/strong> remained near its four-month low<\/strong>, weighed down by recession concerns<\/strong>.<\/p>\n\n\n\n Meanwhile, other precious metals were weaker<\/strong>:<\/p>\n\n\n\n Investors remain focused on upcoming U.S. inflation data and Federal Reserve signals<\/strong>, which could further influence gold\u2019s trajectory<\/strong> in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices climbed in Asian trading on Thursday, supported by weaker-than-expected U.S. inflation data, which reinforced expectations of interest rate cuts by the Federal Reserve. Spot gold rose 0.4% to $2,945.18 per ounce, while gold futures for April delivery edged 0.2% higher to $2,953.62 per ounce as of 00:56 ET (04:56 GMT). Inflation Eases, Strengthening …<\/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-112776","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\/112776","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=112776"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112776\/revisions"}],"predecessor-version":[{"id":112777,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112776\/revisions\/112777"}],"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=112776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Inflation Eases, Strengthening Gold\u2019s Appeal<\/strong><\/h3>\n\n\n\n
Trump\u2019s Tariff Threats Add to Market Uncertainty<\/strong><\/h3>\n\n\n\n
Market Impact<\/strong><\/h3>\n\n\n\n
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