Sunday, 27 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold gains on Trump tariff worries; US inflation data in focus
Thursday, 27 February 2025 08:10 WIB | GOLD |GOLDEMAS

Gold prices edged higher on Thursday as concerns persisted over U.S. President Donald Trump's tariff plans, while investors awaited a key inflation report to assess the Federal Reserve's policy path.

Spot gold was up 0.1% at $2,918.22 an ounce, as of 0018 GMT.

U.S. gold futures rose 0.1% to $2,932.30.

Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% "reciprocal" tariff on European cars and other goods.

Since taking office on January 20, Trump has imposed an additional 10% tariff on Chinese imports and 25% duties on steel and aluminium.

Several Federal Reserve officials are due to speak later in the day for more insights on monetary-policy easing this year amid Trump tariffs uncertainty.

Markets will next look to the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation measure, due on Friday, for further confirmation of the central bank's rate path.

The consensus forecast was for a PCE monthly index of 0.3%, unchanged from December, according to a Reuters poll, while the core number is seen rising 0.3%, up from 0.2% in December.

Bullion is seen as a safeguard against political risks and inflation, but higher interest rates dampen the non-yielding asset's appeal.

Spot silver rose 0.1% to $31.87 an ounce, platinum fell 0.1% to $965.10 and palladium eased 0.1% to $925.95.

Source: Reuters

RELATED NEWS
Gold Weakens As Dollar Strengthens, Trade Deal Hopes Reduce Safe-Haven Demand ...
Saturday, 26 July 2025 02:54 WIB

Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3...

Gold Weakens as Dollar Strengthens and Trade Deal Hopes Reduce Safe-Haven Demand ...
Friday, 25 July 2025 23:22 WIB

Gold prices weakened on Friday (July 25th), weighed down by a stronger US dollar and signs of progress in US-EU trade negotiations, which have reduced safe-haven demand. Spot gold fell 1% to $3,333.12...

Gold price selling bias remains unabated; looks to US data for a fresh impetus...
Friday, 25 July 2025 16:03 WIB

Gold price (XAU/USD) extends its steady intraday descent through the first half of the European session and drops to a fresh daily low, back closer to the $3,350 level in the last hour. Thursday's US ...

Gold subdued as trade optimism weighs, but soft dollar caps losses ...
Friday, 25 July 2025 13:06 WIB

Gold prices edged lower on Friday, as signs of progress in trade negotiations between the U.S. and its trading partners weighed on safe-haven demand, although an overall weaker dollar limited losses f...

Gold Holds Decline ...
Friday, 25 July 2025 09:07 WIB

Gold hovered around $3,360 per ounce on Friday, following two straight sessions of losses amid easing trade tensions and rising risk appetite. Investors continue to monitor progress in tariff negotiat...

LATEST NEWS
S&P 500 Hits Fifth Straight Record Close

The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as...

Oil Prices Plummet, Closing At Three-Week Low Amid US And China Economic Concerns

Oil prices weakened on Friday (July 25th) and closed at a three-week low as traders worried about negative economic news from the US and China and signs of increasing supply. The losses were limited by optimism that a US trade deal could boost...

Gold Weakens As Dollar Strengthens, Trade Deal Hopes Reduce Safe-Haven Demand

Gold prices weakened on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations, which have dampened demand for safe-haven assets. Spot gold fell 0.9% to $3,336.01 an ounce at 2:01 PM ET (18:01 GMT). U.S....

POPULAR NEWS
European Stocks Close Lower
Friday, 25 July 2025 23:48 WIB

European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the...

Asia-Pacific stocks trade lower as investors weigh recent trade developments
Friday, 25 July 2025 08:01 WIB

Asia-Pacific markets traded lower as investors weigh recent trade developments. Asia markets started the trading day lower. Japan's benchmark...

S&P 500 and Nasdaq Hit Records Thanks to Alphabet's Gain
Friday, 25 July 2025 03:44 WIB

The S&P 500 and Nasdaq 100 closed at new record highs on Thursday (July 24), up 0.1% and 0.2%, respectively. This was supported by Alphabet's...

UK Retail Sales Rebound on Summer Boost
Friday, 25 July 2025 15:26 WIB

UK retail sales rose 0.9% month-over-month in June 2025, rebounding from a revised 2.8% drop in the previous month but missing market expectations...