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Precious Metals Preview: Gold extends downside in early Asia
07-Mar-2025 08:54

COMEX Gold futures extend downside on Friday morning in Asia after a rally on safe-haven appeal during the week. The U.S. President Donald Trump announced a one-month delay on tariffs affecting cars entering the U.S. from Canada and Mexico, raising hopes for negotiations. However, the broader 25% duties imposed on Canada and Mexico remain in effect with no resolution in sight and more levies are set to begin in April. The dollar's continued weakness supported the yellow metal. The dollar index is trading at 104.01 while the yellow metal is down half a percent at $2912 an ounce.

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