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.