• Mon, Feb 9, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

26 March 2025 15:54  |

Gold Prices Hold On To Gains Amid Escalating Trade Tensions

Gold (XAU/USD) prices maintained their positive bias through the first half of the European session on Wednesday (3/26) and traded above the $3,025 level, albeit lacked bullish conviction. Uncertainty over US President Donald Trump’s so-called reciprocal tariff announcement on April 2 turned out to be a key factor that continued to support the safe-haven bullion. Additionally, the Federal Reserve’s (Fed) forecast for two 25 basis point interest rate cuts by the end of this year further benefitted the non-yielding yellow metal.

However, the emergence of some US Dollar (USD) buying, following the overnight pullback from near three-week highs, held traders from placing any aggressive bullish bets around Gold prices. Additionally, a generally positive risk tone helped cap gains for the XAU/USD pair. Traders now look forward to the US Durable Goods Orders data for some impetus, though the market focus will remain on Friday’s release of the US Personal Consumption Expenditures (PCE) Price Index.

Source: FXStreet

 

Related News

GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Faces Selling Pressure Ahead Of PCE And Tariffs Due La...

Gold (XAU/USD) price is pulling back from its recent record high, currently standing at $2,800.93, with profit-taking still o...

31 January 2025 18:00
GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise to Near-Record High, Recovering Monday’...

Gold futures rose, holding steady after a small sell-off on Monday. Gold futures were up 0.3% at $3,025.20 an ounce, near Thu...

25 March 2025 16:35
BIAS23.com NM23 Ai