Key Takeaways

• Gold prices steady as the U.S. dollar remains weak.
• Spot gold at $2,911.21/oz, gold futures at $2,918.27/oz.
• Investors seek safe havens amid Trump's tariffs and economic uncertainty.
• Fed Chair Powell signals patience on rate cuts despite soft U.S. jobs data.

Gold Holds Gains as Dollar Weakens

📌 Market Update:

• Spot Gold: $2,911.21/oz (flat).
• Gold Futures (April): $2,918.27/oz (+0.1%).
• Platinum Futures: $966.25/oz (unchanged).
• Silver Futures: $32.943/oz (+0.3%).

💡 Why Gold is Holding Steady:

• The U.S. dollar index remains near a four-month low, making gold more attractive.
• Market uncertainty over Trump's tariffs has boosted demand for safe-haven assets.

Trump's Tariff Policies Fuel Market Concerns

🚨 What's Happening?

• Trump's administration imposed 25% tariffs on Mexico, Canada, and China.
• Steel & aluminum tariffs on Canada and Mexico take effect Wednesday.
• Investors fear higher inflation and slower growth, leading to market volatility.

📊 Investor Impact:

• Gold prices surged to record highs as investors seek stability.
• The dollar's decline is making gold more attractive globally.
• Market sentiment remains cautious, with traders awaiting policy updates.

Fed Policy Outlook - Rate Cuts in 2025?

📈 Key Economic Data:

• February Jobs Report:
  • 151,000 jobs added (below expectations).
  • Unemployment rate up to 4.1%.
• Market expectations for 2025 rate cuts rise due to weak data.

🎙️ Fed Chair Powell's Comments:

• The Fed remains patient on rate cuts.
• Acknowledges economic uncertainty but says the U.S. economy is still stable.
• Closely watching Trump's policies, including tariffs and federal layoffs.

📊 Useful API Links for Tracking Market Moves:

• Commodities API - Get live gold, silver, and platinum prices.
• Economics Calendar API - Stay updated on key economic releases.

Final Thoughts

Gold remains a key hedge against trade uncertainties and economic risks. With Trump's tariffs escalating concerns and Fed rate cuts on the horizon, investors continue to monitor gold's price action as a safe-haven asset.