GOLD SURGES PAST $2900 AMID DOLLAR WEAKNESS; EYES ON US INFLATION

Published on Mar 11, 2025 14:07

Gold soared past $2900 per ounce as a weakening U.S. dollar and rising economic uncertainty fueled safe-haven demand. The dollar index hovered near 103.4, weighed down by concerns over Trump�s trade policies and a potential U.S. recession. Greenback weakened most notably against the Japanese yen and Swiss franc as heightened risk aversion drove demand for safe-haven currencies. Investors now focus on upcoming inflation data and the FOMC meeting for further cues. Fed Chair Powell acknowledged economic risks but signaled no urgency for rate cuts. Meanwhile, MCX April bullion futures gained ₹361, nearing ₹86000 per 10 grams, tracking global momentum.