Gold prices rise as USD weakens, global recession fears increase, ECB may cut rates further.

From Investing.com: 2025-03-26 03:08:00

Gold prices rose by 0.25% as the USD weakened due to disappointing US economic reports and uncertainty around Trump’s tariffs. Consumer confidence hit a 12-year low, prompting concerns about a global recession. The euro fell against the USD for the fifth consecutive day as optimism around German fiscal expansion waned. The ECB might lower interest rates further. Meanwhile, the Australian dollar gained 0.25% against the USD despite weak economic data. The RBA is expected to keep rates on hold in April, with a possible rate cut in May due to lower than expected CPI.



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