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Gold Prices Stabilize Before Key PCE Data as Tariff Deadline Approaches

Published: 03-24-2025, 09:45 am | Updated: 03-24-2025, 09:01 am

Gold prices remained steady around $3,026.85 an ounce on Monday, supported by a weaker U.S. dollar and uncertainty over President Trump’s upcoming tariff plans.

After reaching an all-time high of $3,057.21 last week, gold continues to be viewed as a hedge against economic uncertainty.

Analysts suggest prices could reach $3,150 in the near term, though the market awaits clarity on Trump’s April 2 tariff implementation and Friday’s PCE inflation data release.

Original Source: Reuters

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