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Gold shines bright amid tariff chaos and Fed caution
10-Mar-2025, 03:07
Gold stayed resilient at 2910 dollars per ounce, with MCX futures climbing to 86060 rupees, up 183 rupees per 10 grams, as trade war jitters and a weaker dollar fueled safe-haven demand. Last week, the precious metal ended on upbeat note, gaining 2.3%. While Trump hit pause on some tariffs, Canada's countermeasures held firm, and China's fresh duties kicked in, adding to market anxiety. Fed Chair Powell signaled no urgency for rate cuts, keeping all eyes on this week's US inflation data. Meanwhile, the dollar, lingering at a four-month low, added extra fuel to gold's momentum, reinforcing its appeal in uncertain times.
Gold stayed resilient at 2910 dollars per ounce, with MCX futures climbing to 86060 rupees, up 183 rupees per 10 grams, as trade war jitters and a weaker dollar fueled safe-haven demand. Last week, the precious metal ended on upbeat note, gaining 2.3%. While Trump hit pause on some tariffs, Canada's countermeasures held firm, and China's fresh duties kicked in, adding to market anxiety. Fed Chair Powell signaled no urgency for rate cuts, keeping all eyes on this week's US inflation data. Meanwhile, the dollar, lingering at a four-month low, added extra fuel to gold's momentum, reinforcing its appeal in uncertain times.
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