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MARKET ANALISYS

Gold Slightly Weakens In Asian Session

  • Wednesday, Mar 05, 2025

Gold prices rose amid a weaker US Dollar (USD) as the trade war between the United States (US), Canada, Mexico, and China escalated with new tariffs coming into effect on Tuesday (05/03).

Therefore, the decline in the USD supported the precious metal. XAU/USD was trading at $2,918, up 0.62%.

Market sentiment remained gloomy after 25% tariffs on Canada and Mexico and an additional 10% duty on China came into effect around midnight.

Source: Newsmaker.id

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