Gold steady amid tariff concerns

Gold prices stabilized on Wednesday as traders worried that US President Donald Trump’s plans to impose broad counter-tariff tariffs would stoke inflation and hamper economic growth.

Spot gold was steady at $3,019.72 per ounce.

U.S. gold futures fell 0.1% to $3,023.60.

Gold, often viewed as a hedge against geopolitical and economic uncertainty, has risen 15% since the beginning of the year, hitting an all-time high of $3,057.21 on March 20.

Among other precious metals, spot silver fell 0.2% to $33.69 per ounce, and platinum fell 0.1% to $975.45. Palladium fell 0.3% to $953.45.