Gold prices steady ------
March 13, 2025 00:00:00
Gold prices were little changed on Wednesday, with the market's attention on a key US inflation report, while US President Donald Trump's tariff policies provided support to the safe haven asset, reports Reuters.
Spot gold was steady at $2,915.66 an ounce as of 1148 GMT, after rising 1% in the previous session. US gold futures were flat at $2,921.20.
In order "to see gold marching further up, we need to see a further slowdown of the U.S. economy, including lower price pressure," said independent analyst Giovanni Staunovo.
Gold hit a record high of $2,956.15 an ounce on February 24 amid Trump's tariffs. Since then, it has been hovering around the $2,900-mark.
Meanwhile, spot silver added 0.3% to $33.04 an ounce, while platinum gained 0.8% at $982.95.