Wednesday, 10 September 2025
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Gold steadies as traders look for direction on Trump tariffs
Monday, 10 March 2025 16:28 WIB | GOLD |GOLDEMAS
Gold's price (XAU/USD) stabilizes and consolidates within a tight range near the $2,900 level at the start of the week. Traders are mulling over comments from United States (US) President Donald Trump after an interview on Fox News over the weekend. When asked about the US economy, President Trump said that the economy is in a 'transition' phase, while markets have already floated the idea that the US economy is in a recession scenario.

Meanwhile, Federal Reserve (Fed) Chairman Jerome Powell issued some remarks on Friday before the Fed's blackout period started. That blackout period precedes the actual policy rate decision on March 19, where expectations are for keeping the policy rate steady. Powell said that the central bank does not need to do anything at this point and that the price for keeping its policy rate steady comes with a very small price against the chance of a policy mistake by changing interest rates preemptively.

Source: FXStreet

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