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Gold Edges Higher on US Dollar WeaknessSingapore, 10 Mar (ONA) — Gold prices edged higher today,
helped by a weaker US dollar and safe-haven flows triggered by fears
of a global trade war, while investors awaited further clues to gauge
the Federal Reserve’s interest rate stance.
Spot gold was up 0.1 percent at US$2,914.42 an ounce, while US
gold futures rose 0.3 percent to US$2,921.90.
US President Donald Trump imposed new 25 percent tariffs on
imports from Mexico and Canada last Tuesday, along with fresh duties
on Chinese goods. He later exempted many imports from Mexico and some
from Canada from those tariffs for a month, creating uncertainty in
the markets and fanning worries about US inflation and growth.
Worries over Trumps tariff policies pushed safe-haven gold to a
record high of US$2,956.15 on 24 Feb 2025.— Ends/Khalid
