GOLD SHINES BRIGHT AMID TARIFF CHAOS AND FED CAUTION

Published on Mar 10, 2025 15:07

Gold stayed resilient at 2910 dollars per ounce, with MCX futures climbing to 86060 rupees, up 183 rupees per 10 grams, as trade war jitters and a weaker dollar fueled safe-haven demand. Last week, the precious metal ended on upbeat note, gaining 2.3%. While Trump hit pause on some tariffs, Canada�s countermeasures held firm, and China�s fresh duties kicked in, adding to market anxiety. Fed Chair Powell signaled no urgency for rate cuts, keeping all eyes on this week�s US inflation data. Meanwhile, the dollar, lingering at a four-month low, added extra fuel to gold�s momentum, reinforcing its appeal in uncertain times.