Gold Edges Higher as Cooler Inflation Data Reinforces Fed Rate Cut Expectations

Gold prices rose slightly (0.1%) to $2,917.93 per ounce on Wednesday. Two main factors supported gold: uncertainty about future tariffs and a positive inflation report that suggests the Federal Reserve might cut interest rates soon. The latest inflation numbers showed prices increased by only 0.2% in February, much lower than January’s 0.5% increase. While this is good news now, many experts believe prices could rise again soon if new tariffs on imported goods take effect. The Fed cut interest rates by 1% last year and is expected to cut rates again starting in June due to economic worries. This helps […]

Gold Maintains Ground at $2,915 as Markets Navigate Trade Wars and Recession Signals

Gold has maintained stability around the $2,915 per ounce mark amid mixed market signals. President Trump’s contradictory statements about tariffs on Canadian steel and aluminum—first announcing a doubling to 50%, then quickly dialing back—have created market uncertainty that typically benefits gold as a safe-haven asset. This comes as Trump downplays recession fears despite concerning economic indicators. Recent tepid US economic reports have sparked stagflation concerns—a challenging economic environment combining inflation pressure with slowing growth. This scenario could prompt multiple Federal Reserve interest rate cuts this year, which would generally benefit non-interest bearing assets like gold. Traders are closely watching Wednesday’s […]