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Gold holds with little change

ByVictoria

Spot gold fell 0.1% to $3,030.13 an ounce, as of 09:35 a.m. ET

“There are concerns that tariffs could spark inflation, and there’s a consensus that despite rising prices from U.S. tariffs, the Federal Reserve might start easing policy around mid-year,” said Bart Melek, head of commodity strategies at TD Securities.

“I expect gold to trade roughly where it is now, give or take about $25,” Melek said.

Spot silver dropped 1.2% to $33.61 an ounce, platinum lost 1.6% to $980.90 and palladium fell 0.8% to $959.20

Source – Reuters

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