India, March 26 -- Gold prices held steady on Wednesday while the dollar meandered after a survey showed U.S. consumer confidence reached its lowest level in 12 years in March, suggesting a possible recession ahead.
Spot gold edged up by 0.1 percent to $3,023.67 per ounce in European trade, while U.S. gold futures were little changed at $3,053.99.
With the Trump administration sending mixed signals on the tariff front, traders are adopting a cautionary stance ahead of the April 2 tariff deadline.
There's an elevated baseline anxiety in the markets despite Trump hinting at tariff flexibility for some countries.
It is feared that potential U.S. tariff policies could fuel inflation and further strain global trade.
googletag.cmd.push(funct...