24th March 2025

Gold price stable, waits for April 2 for U.S. duties

The gold price is stabilizing around $3.20 per ounce as markets prepare for the green light on U.S. tariffs scheduled for April 2. Traders are observing a possible relaxation of tariff policies imposed by the Trump administration; specifically, it appears that these will target specific sectors or countries, as opposed to the general measures threatened earlier. Source: FXEmpire

21th March 2025

Gold price down from all-time highs after dollar strengthens

Gold prices are down slightly in Asian trading today thanks to the strengthening of the U.S. dollar, while maintaining the position above $3,000 per ounce. Spot gold fell 0.5 percent to $3,029.61 per ounce, while futures on the precious metal maturing in May fell 0.2 percent to $3,037.09 per ounce. Supporting the greenback was confirmation that the Fed intends to leave interest rates unchanged in the short term, due to uncertainty caused by the Trump government's tariff policy. Ignored by gold traders are the president's continued calls for the bank to ease monetary policy. Source: Kitco News

20th March 2025

Fed leaves rates unchanged: inflation and downward growth worries

The U.S. Central Bank (Fed) remains firm on its decisions: two cuts by the end of the year, but remains wait-and-see for the time being. After all, the country's growth estimates are down until 2027, while tariff policy threatens a dangerous rise in the inflationary figure. Treasuries slow from 25 billion to 5 billion a month, although the Fed has specified that this is a technical adjustment rather than an actual monetary policy move. Decisions frowned upon by President Trump, who in the night returned to clamor for an easing of monetary policy.
Source: Kitco News