Gold Commentary: 11th March 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd
Below the Gold Commentary: 11th March 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research atMotilal Oswal Financial services Ltd
Gold prices held steady in early trading session after modest gains last week as the dollar remained near a four-month low amid uncertainties around U.S. trade policies. 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. Investors mull over jobs data, Powell comments for Fed rate clues. Fed Chair Powell indicated that the central bank would maintain a patient stance on interest rates, acknowledging that the U.S. economy remains in a good place despite elevated uncertainties. Market participants will focus be on US CPI and PPI data which is scheduled later this week.
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