India, March 12 -- Gold prices inched higher on Wednesday as tariff worries persisted, and the U.S. dollar weakened on expectations of a sharp economic slowdown.
Spot gold edged up by 0.2 percent to $2,920.27 per ounce in European trade while U.S. gold futures were up 0.2 percent at $2,925.69.
The dollar continued to fall despite U.S. President Donald Trump dismissing concerns about a potential U.S. recession and asserting confidence in economic growth.
He acknowledged the challenges of his approach but expressed confidence in its outcomes.
Meanwhile, Europe retaliated after Trump's increased tariffs on all U.S. steel and aluminum imports took effect.
The European Union said it will impose counter tariffs on 26 billion euros ($28 billi...