Gold Prices Rise Amid Tariff Uncertainty and Geopolitical Tensions
Key Market Developments
? Gold Gains as Dollar Weakens
Spot Gold rose 0.3% to $2,865.69/oz.
Gold Futures (April) gained 0.9% to $2,873.59/oz.
Safe-haven demand increased amid U.S. trade tariff uncertainty and Russia-Ukraine tensions.
? Dollar Weakens, Supporting Gold Prices
U.S. Dollar Index fell 0.4%, pulling back from a two-week high.
Trump announced new tariffs on China (10%), Mexico (25%), and Canada (25%)—final details expected Tuesday.
Geopolitical instability remains high as U.S.-Ukraine talks collapsed, dampening peace prospects.
? Broader Precious Metals & Economic Outlook
Platinum Futures surged 1.2% to $949.10/oz.
Silver Futures gained 0.7% to $31.73/oz.
U.S. consumer sentiment fell 0.2%, first drop in two years.
Atlanta Fed cut Q1 2025 GDP growth projection to 1.5% from 2.3%.
Sticky inflation (PCE price index +0.3%) may delay Fed rate cuts.
? Industrial Metals: Copper Inches Up on Strong China Data
Benchmark Copper (LME) rose 0.3% to $9,985.70/ton.
China’s February PMI hit a three-month high, signaling manufacturing growth.
? Investor Takeaway:Gold’s safe-haven appeal remains strong amid weaker dollar, trade uncertainties, and geopolitical risks. Investors can track real-time Commodity Data with FMP’s API for insights into gold, silver, and industrial metals trends.
