At the beginning of the session this year, spot gold rose 0.9% to 0 3,082.39 an Ounce ton after hitting its A Teen Remarks at 3,086.70. Bullion rose 2% this week and is on track for the fourth straight weekly benefit.
US Gold Futures rose 0.9% to 0 3,088.90.
“There is a safe demand for concerns about tariffs, trade and ongoing geographical political uncertainty,” said Peter Grant, Vice President and Senior Metals Strategist of Zener Metals.
Gold, traditionally seen as a hedge against economic and political instability, blooms in a low-interest rate atmosphere.
Personal consumption costs (PCE) price index increased 0.4% in February, compared to analysts’s growth of 0.3% as the January.
The expectations of cutting the data in the data are unlikely to change, because they are a little warmer than expected, the grant added.
The Fed has stabilized interest rates so far this year after a three -rate decline in 2024, but has indicated at a half percentage point in the year later.
By the end of the year starting from July, the market currently has B 63 BPS. The cost of reducing the Fed rate is.
Markets are now fed up with Trump’s plans for mutual tariffs, which they intend to introduce on April 2.
Analysts say Trump’s policies are regarded as inflation, pose a risk to economic development and increase trade tensions.
Spot Silver dropped 0.6%. All three were set for weekly benefits.
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