Gold turns higher amid persisting uncertainty over Trump's policies

Gold bars 

Gold prices turned higher today, March 26, as investors awaited further clarity on the hardline tariffs that US President Donald Trump intends to impose in early April.

April gold futures rose climbed by 0.27%, or $8.10, to $3,062.40 per ounce at 10:48 am Makkah time. Spot prices also soared 0.35%, or $10.47, to $3,030.56 an ounce.

Similarly, silver futures for May delivery rose 0.23% to $34.27 per ounce.

Platinum spot prices, on the other hand, plunged by 0.28% to $978.02 an ounce.

This came as the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, gained 0.11% to 104.3 points.

Chicago Federal Reserve Bank President Austan Goolsbee said he expected interest rates to be "a fair bit lower" in 12-18 months but added that it may take longer than anticipated for the next cut because of economic uncertainty, the Financial Times reported.

The Fed held interest rates steady at 4.25%-4.50% at its meeting this month.

Policymakers signaled the possibility of monetary easing later this year.