Singapore - Saba:
Gold prices stabilized on Wednesday, as investors grew concerned that US President Donald Trump's plans to impose broad counter-tariff tariffs would stoke inflation and hamper economic growth.
Spot gold remained steady at $3,018.36 per ounce, while US gold futures fell 0.17% to $3,020.70.
Markets are in a state of anticipation, with attention now turning to the potential counter-tariffs imposed by the US administration on April 2, which are expected to increase inflation, slow economic growth, and exacerbate trade tensions.
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