Gold Prices Rise on Inflation Concerns
On Thursday, March 13, 2025, gold prices experienced a notable increase amid ongoing concerns over the implications of customs duties and recent US inflation data that fell short of expectations. This situation has bolstered market sentiment regarding potential reductions in interest rates, thereby enhancing the attractiveness of the precious metal.
In immediate transactions, gold was priced at $2,944.61 per ounce, reflecting a 0.43% increase. Meanwhile, gold futures settled at approximately $2,949.30.
Precious Metals Performance
Other precious metals also experienced upward movement:
- Silver: Increased by 0.2%, reaching $33.29 per ounce.
- Platinum: Rose 0.2% to $985.18.
- Palladium: Gained 0.6%, with a price of $954.63.
The dynamics of these markets continue to be influenced by broader economic indicators, particularly those pertaining to inflation and interest rate forecasts.