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Precious Metals Preview: Gold moves higher in cautious trades
02-Apr-2025 08:39

COMEX gold futures stay cautious after hitting fresh record highs in the previous session amid escalating fears of a global trade war on Donald Trump's impending tariffs. Market stays cautious ahead of April 2 'Liberation Day' tariff announcement. US benchmark treasury yields and dollar index tumbled amid concerns surrounding US economy. US ISM Manufacturing PMI fell sharply in March, dropping from 50.3 to 49.3, signaling contraction in the sector. Meanwhile, JOLTS report from the US Department of Labor showed that job openings decreased to 7.568 million in February, down from 7.762 million and missing the forecast of 7.63 million. Currently, the counter is quoting at $3157.80 an ounce, up 0.38% on the day.

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