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Gold rises as tariff uncertainty, cooler inflation data lend support
Gold prices edged higher on Thursday as uncertainty over tariffs persisted, driving safe-haven demand, while a cooler-than-expected US inflation print also supported bullion by strengthening expectations of rate cuts. Spot gold was up 0.4% at $2,943.66 an ounce, as of 0300 GMT, while US gold futures firmed 0.2% to$2,951.90. “I think $3,000 is the next logical target, likely reached sometime over the next several months,” said Marex analyst Edward Meir. “CPI data was encouraging but I suspect that the tariff increase has yet to be picked up in the inflation data.” Data showed that the US consumer price index ... (full story)
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- Posted: Mar 13, 2025 6:52am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 153
