The United States has released data on durable goods orders, significantly influencing gold prices during trading on Wednesday (March 36, 2025).
In February, durable goods orders were reported to have increased by 0.9% month-on-month (MoM), which is better than the forecast of -1.2% MoM from Trading Central, though still below the previous month’s growth of 3.3% MoM.
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Following this report, gold prices saw volatility, fluctuating in the range of US$ 3,025 – US$ 3,028 per troy ounce.
In addition to this data release, market participants are also focusing on the reciprocal trade policy announced by President Donald Trump, which is set to take effect next week. Under this policy, Trump will raise import tariffs on countries that impose higher tariffs on goods from the United States.
Reports indicate that President Trump will adopt a more flexible approach to increasing import tariffs within the reciprocal framework, leading to fluctuating gold prices with an upward trend.
