58% OFF the Premium on Silver Rounds – Ends 3/7 at 4pm EST (while supplies last)
Gold prices edged up 0.2% to $3,026.38 an ounce on Wednesday as markets brace for President Trump’s sweeping reciprocal tariff plans expected on April 2.
Analysts warn these policies could create a stagflationary scenario – combining high inflation with slow economic growth – which typically supports gold prices.
U.S. consumer confidence has already fallen to a four-year low as households fear recession and tariff-driven inflation. Gold, traditionally a hedge against economic instability, has climbed over 15% this year, reaching an all-time high of $3,057.21 on March 20.
Investors are also monitoring upcoming Federal Reserve officials’ speeches and Friday’s personal consumption expenditures data for interest rate clues, as gold typically performs better in low-interest environments. ANZ strategists forecast gold reaching $3,200 by September.
