Gold prices were steady on Wednesday (3/26) near a record high after U.S. consumer confidence fell sharply, signaling trouble for the U.S. economy. Consumer confidence fell to a four-year low in March on concerns about escalating trade wars and higher prices, adding to gold's appeal as a safe haven asset. Meanwhile, the U.S. announced that Russia and Ukraine had reached a ceasefire deal in the Black Sea. The Kremlin confirmed the statement, but said it was conditional on Washington lifting sanctions on banks and companies involved in agricultural exports. Source: Newsmaker.id
Silver prices fell on Wednesday (3/26) in Asia, as the dollar strengthened and market participants awaited the US Personal Consumption Expenditure data on Friday for clues on the Fed's next move. Source: Newsmaker.id
Currently, the price of gold continues to move in the $3012-$3028 area on Wednesday (3/26).Meanwhile, Copper metal is in the spotlight after United States (US) President Donald Trump said on Tuesday that Copper tariffs will be implemented in the coming weeks, which is much faster than the market anticipated.From the geopolitical side, there is also a major risk in Ukraine, where a Black Sea ceasefire agreement is being discussed. Ukrainian President Volodymyr Zelenskiy quickly supported the breakthrough and said his country was ready to comply with it immediately. Source: Newsmaker.id