Gold prices set for weekly benefits

On Friday (March 7), a firm was held in gold prices, which is ready for a weekly advantage in the form of uncertainty around American trade policies and inflation, which increases the demand for safe-heaven metal.

Investors waited for the American non-agricultural payroll report for the forward direction.

Spot Gold traded at $ 2,911.00 an ounce as 05:48 GMT from the previous season.

The metal has increased by 1.7% this week.

In India, gold prices fell. The 24-Core Gold ranged from ₹ 510 to ₹ 8,765.3 per gram, while 22-carat gold ranged from ₹ 470 to ₹ 8,036.3 per gram.

Kunal Shah, head of Nirmal Bang Commodities Research, said, “Markets are waiting for clarity on trade policies. Gold’s approach is strong.”

On Thursday (March 6), President Donald Trump suspended 25% tariff on most Canadians and Mexican imports. The decision marked another change in their ups and down trade trends, ignoring the markets and increased concerns over inflation and economic growth.

A weak US dollar, ongoing trade tension, and inflation concern continues to support gold, Shah said. The US dollar index hovering near a four -month low.

Trump’s policies have promoted economic uncertainty, causing gold climbing more than 10% this year. However, Federal Reserve Governor Christopher Waller indicated that he was against the rate cut in this month, although he hopes that later inflation is later reduced.

According to the Reuters Poll, investors are focused on the non-agricultural payroll report due to 13:30 GMT, which is expected to show a 160,000-nkari growth in February.

,With Reuters input