05-Mar-2025      14:47

Gold glows brighter as trade tensions and policy shifts rattle markets

Gold glittered near $2930 per ounce in Asian trades, edging closer to record highs as a weaker dollar and escalating trade battles sent investors scrambling for safety. The US dollar index slid below 105, weighed down by Trump's address to Congress, where he doubled down on his tough trade stance, while Germany's '500 billion stimulus plan powered up the euro. Fresh 25% US tariffs on Mexican and Canadian goods, along with China's tariff hikes, fueled fears of a full-blown trade war. Tensions deepened as Washington paused military aid to Ukraine and hinted at easing sanctions on Russia, amplifying global uncertainty. With markets on edge, all eyes now turn to the ISM Services PMI and US jobs report for clues on whether the Fed might deliver more rate cuts to keep the economy steady.

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