Gold prices edged lower in Asian trade on Wednesday, but remained near record highs as markets reacted to Donald Trump's new tariff threats and awaited further Federal Reserve signals.

Key Market Drivers

1️⃣ Trump's 25% Tariff Threats

🔸 Trump proposed 25% tariffs on autos, pharmaceuticals, and semiconductors.
🔸 Markets reacted mildly, seeing the move as a negotiation tactic rather than an immediate economic disruptor.

2️⃣ Fed Interest Rate Uncertainty

🔸 Investors await the FOMC minutes from January for cues on the Fed's stance.
🔸 Any signals of delayed rate cuts could limit gold's upside.

3️⃣ Russia-Ukraine Peace Talks Impact Haven Demand

🔸 Talks of a U.S.-brokered peace treaty led to some profit-taking in gold.
🔸 However, uncertainty over global trade still supports gold as a safe-haven asset.

Gold Price Update

📉 Spot Gold: $2,929.02/oz (-0.2%)
📉 Gold Futures (April): $2,946.22/oz (-0.1%)

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Outlook

✅ Bullish Case: If tariffs escalate or Fed signals rate cuts, gold may test $3,000/oz.
❌ Bearish Case: If peace talks progress and rates remain high, gold could pull back.

With geopolitical risks rising, gold remains a key hedge in uncertain markets.