Wed/March 26/2025 – 09:03 AM
Gold prices stabilized today, Wednesday, with the increasing concern of dealers that US President Donald Trump’s plans to impose large -scale anti -tariffs to fuel inflation and impede economic growth.
According to Reuters, the price of gold in instant transactions stabilized at $ 3019.72 an ounce by 03:28 GMT, while US gold futures fell 0.1% to $ 3023.60.
Economic growth
“There are real concerns about American economic growth as well as inflation, and the United States is likely to face inflation accompanied by recession, which may support gold prices,” said Sony Kumari’s primary commodity analyst.
The confidence of American consumers has declined to its lowest levels in more than four years during March, with fears of possible economic stagnation and high inflation as a result of customs duties.
Trump customs policies
The markets are witnessing increasing tension with the anticipation of the imposition of customs duties by the American administration on April 2, and Trump’s customs policies are likely to increase inflation, which may contribute to slowing economic growth and the escalation of trade tensions.
Gold, which is usually considered a safe haven in times of geopolitical and economic uncertainty, increased by 15% since the beginning of the year, recording its highest level ever at $ 305.21 on March 20.
The markets are awaiting data for personal consumption expenses in the United States, which are scheduled to be issued on Friday, to obtain indicators on the upcoming moves of the US Central Reserve Council.
