Gold Prices Experience a Decline

On Thursday, the price of gold saw a decrease as the United States dollar and Treasury yields experienced moderate gains. This shift comes in the wake of US President Donald Trump's announcement regarding tariffs on Canada and Mexico, which might be postponed until April 2, potentially diverting attention from the precious metal.

Investors Await US Economic Reports

Investors are on the lookout for the latest US economic reports, which are expected to provide insights into the state of the world's largest economy. The much-anticipated gross domestic product (GDP) data is set to be released before the stock markets open today.

Market Movements

At 3:16 am ET, gold prices fell by 1%, trading at $2,887.53 per ounce. Shortly after, silver prices dipped by 0.27%, selling at $31.72 per ounce. Platinum, however, saw a slight increase of 0.16%, trading at $979.64 per ounce, while palladium gained 0.18%, selling for $920.13 per ounce.