Gold prices rose on Monday (3/3), after hitting a more than three-week low in the previous session, supported by a weaker dollar and safe-haven buying fueled by concerns over U.S. President Donald Trump's tariff policies. Spot gold rose 0.5% to $2,873.93 an ounce. U.S. gold futures rose 1.3% to $2,885. The dollar index fell 0.6% from a more than two-week high in the previous session, reflecting weakness that makes dollar-priced bullion cheaper for buyers holding other currencies. "Gold's decline is still limited, given the clear demand for safe-haven assets amid rising geopolitical and...
Federal Reserve rate cut bets are still on the table for June. Gold price is slowely but surely making its way higher this Monday as President Trump remains silent on tariffs.Gold's price (XAU/USD) is set to revisit the high in the Asian session near $2,876 at the time of writing after a steady positive Monday thus far. Tariffs are still set to hit on Tuesday for Mexico and Canada and additional tariffs on China, they are not really triggering another flight into Gold. Traders will need to look for new headlines about tariffs, and there is still the chance that United States (US) President...
Oil prices fell about 2% to a 12-week low on Monday on reports OPEC+ will proceed with a planned oil output increase in April and worries U.S. tariffs could hurt global economic growth and oil demand. Brent futures fell $1.19, or 1.6%, to settle at $71.62 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.39, or 2.0%, to settle at $68.37. Those were the lowest closes for Brent since December 6 and WTI since December 9. "Crude oil is under siege on multiple fronts and is vulnerable to the latest bearish headline or economic data," Bob Yawger, director of energy futures at...