Gold prices edged higher in Asian trading on Monday as the dollar weakened, while uncertainty surrounding U.S. trade tariffs and Russia-Ukraine peace talks supported bullion's safe-haven appeal. Spot Gold rose 0.3% to $2,865.69 per ounce, while Gold Futures expiring in April gained 0.9% to $2,873.59 an ounce by 00:35 ET (05:35 GMT). Dollar dips amid tariff uncertainty; pushes gold up U.S. President Donald Trump announced 10% additional tariffs on China and reaffirmed his tariff timings for 25% levies on Mexico and Canada last week. However, on Sunday, U.S. Commerce Secretary Howard...
The US Dollar Index (DXY) faced selling pressure near 107.25, ending a three-day winning streak during the early European session on Monday (03/03). Rising expectations that the US Federal Reserve (Fed) will cut interest rates by a quarter percentage point twice by the end of this year dragged the DXY lower. Technically, the bullish outlook for the DXY remains in place as the index is holding above the key 100-day Exponential Moving Average (EMA) on the daily chart. However, the 14-day Exponential Moving Average (EMA) is hovering around the midline, suggesting that further consolidation...
Oil edged up on Monday as upbeat manufacturing data from China, the world's biggest crude importer, fueled renewed optimism about fuel demand, although uncertainty about a Ukraine peace deal and global economic growth from potential U.S. tariffs loomed. Brent crude was up 19 cents, or 0.3%, at $73.00 a barrel by 0720 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, up 19 cents, or 0.3%. Prices rose after official data on Saturday showed Chinese manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchasing volumes led...