- Posted on March 10, 2025
- News
- By FC Team
- 168 Views
Investing.com-- Gold prices held steady in Asian trading on Monday after modest gains last week as the dollar remained near a four-month low amid uncertainties around U.S. trade policies.Investors also analyzed last week’s jobs report and the Federal Reserve Chair’s comments to gauge the central bank’s interest rate outlook.Spot Gold was largely unchanged at $2,911.21 per ounce, while Gold Futures expiring in April gained 0.1% to $2,918.27 an ounce by 02:05 ET (06:05 GMT).Trump refrains from recession prediction amid tariff worriesIn a recent interview on Fox News’ "Sunday Morning Futures," President Donald Trump refrained from forecasting whether the U.S. might experience a recession in 2025 amid escalating trade tensions.Trump’s administration has imposed 25% tariffs on imports from Mexico and Canada, with additional measures targeting China. These policies have raised concerns about potential economic slowdowns and rising inflation.The tariffs, particularly those on steel and aluminum imports from Canada and Mexico set to take effect this Wednesday, have unsettled investors, leading to heightened market volatility.In response to these uncertainties, investors are increasingly turning to safe-haven assets like gold. The precious metal recently surged to record highs.Gold prices also remained supported as the US Dollar Index hovered near a four-month low it touched last week. The dollar’s decline against major currencies makes gold, priced in dollars, more attractive to investors.Other precious metals were largely subdued. Platinum Futures were steady at $966.25 an ounce, while Silver Futures rose 0.3% to $32.943 an ounce.