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Gold Steadies as Markets Weigh Trade War and US Recession Risks

Gold steadied, underpinned by haven demand after Wall Street was whipsawed by President Donald Trump’s on-off tariff plans and his latest comments downplaying fears of a recession.



Gold prices steadied near $2,915 an ounce as markets assessed the impact of trade war developments, potential US recession risks, and a possible easing of geopolitical tensions in Ukraine. Investor sentiment fluctuated due to President Trump's tariff plans and comments on recession fears. The US is set to release an inflation report later in the day.

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