Early in the Asian session, gold consolidates, although it could be impacted by waning concerns over US tariffs, which lessen the precious metal’s appeal as a safe haven. In the middle of the night, President Trump hinted that certain countries could be excluded from the reciprocal tariffs he intends to levy on U.S. trade partners next month. According to an email from Fawad Razaqzada, market analyst at City Index and FOREX.com, “gold is looking quite stretched,” considering its recent surge past the $3,000/oz barrier. Adding, “A long-overdue cooling-off period may be due anyway,” the expert says. The spot gold price has barely moved to $3,010.33/oz.
Gold Consolidates; Potential Impact of Reducing Concerns About US Tariffs – Market Discussion
- Date: March 25, 2025
- Time: 6:14 AM
