Gold Price Stabilizes Globally

Economy

24-03-2025, 21:13

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Followed by-INA

Gold prices stabilized on Monday amid a weaker dollar and uncertainty surrounding US President Donald Trump's tariff plans.

Spot gold reached $3024.39 per ounce.

US gold futures rose 0.3% to $3029.50 per ounce.

"The slightly weaker dollar is giving gold a small boost at the moment," said independent analyst Ross Norman.

The dollar fell 0.1% against a basket of major currencies on Monday, but has fallen about 3.4% so far this month, making gold less expensive for foreign buyers.

US President Donald Trump indicated last Friday that there would be some flexibility regarding the counter-tariff tariffs, which are scheduled to take effect on April 2 and are expected to raise inflation and hamper economic growth.

Spot silver rose 0.3% to $33.12 per ounce, while platinum rose 0.5% to $979.50. Palladium was steady at $958.14, up 0.3%.