Gold prices were steady on Wednesday (3/26) near a record high after U.S. consumer confidence fell sharply, signaling trouble for the U.S. economy.

Consumer confidence fell to a four-year low in March on concerns about escalating trade wars and higher prices, adding to gold's appeal as a safe haven asset.

Meanwhile, the U.S. announced that Russia and Ukraine had reached a ceasefire deal in the Black Sea. The Kremlin confirmed the statement, but said it was conditional on Washington lifting sanctions on banks and companies involved in agricultural exports.

Source: Newsmaker.id