Gold ended Tuesday's daily trading at a new high as market participants strengthened their appeal amid uncertainty over President Donald Trump's tariff plans.
At 9.30 am, the price of gold was at $3,258.05, up 0.84% since it opened in early trading Wednesday in the Asian session.
The yellow metal market rose sharply at the end of daily trading yesterday as US Treasury bond yields fell for the second consecutive day as Donald Trump's concerns about pharmaceutical tariffs worsened sentiment.
Meanwhile, US data will be of interest to gold investors such as the Retail Sales report for March along with speeches by Fed officials, especially Chairman Jerome Powell.
In addition, they are also looking forward to housing data and Initial Jobless Claims this week.
Currency market players have placed expectations in the 85 basis points of interest rate easing by the end of 2025. The first cut is expected in July.
