Feb 25 (Reuters) -
Gold prices were broadly unchanged on Wednesday, after
falling more than 1% in the previous session, as the dollar held
on to recent gains and made greenback-priced metals ?more
expensive for overseas buyers.
FUNDAMENTALS
* Spot gold ?held its ground at $5,146.18 per ounce by
0054 GMT, after hitting a more than ?three-week high in the
previous session. The metal had fallen more ?than 1% on Tuesday
after touching that peak ?in early Asian ?trade.
* U.S. gold futures for April delivery were down
0.2% at $5,165.10.
* The U.S. dollar ?index rose 0.02%, extending a ?0.14%
gain from the previous session.
* The United States began collecting a temporary new 10%
global import tariff on ?Tuesday, but Washington was ?working to
increase ?it to 15%, a White House official said, sowing
confusion over U.S. President Donald Trump's tariff policies
after the Supreme Court ?defeat last week.
* Two U.S. Federal Reserve officials signaled ?no near-term
appetite to change the setting of central bank interest rate
policy.
* Markets currently expect three 25-basis-point rate cuts
this year, according to CME's FedWatch Tool.
* Global shares
rose
after San Francisco-based startup ?Anthropic ?unveiled 10 new
ways for business customers to use ?its AI plugins, which revived
enthusiasm that AI would boost profits ?for businesses including
in investment banking, human resources and engineering.
* In geopolitics, Iran and the U.S. are set to hold a third
round of nuclear talks on Thursday in Geneva, Oman's Foreign
Minister Badr Albusaidi said.
* Spot silver dipped 0.2% to $87.13 per ounce, after
hitting a more than ?two-week high on Monday.
* Spot platinum edged 0.1% higher to $2,169.59 per
ounce, while palladium added 0.2% to $1,772.45.
DATA/EVENTS (GMT)
0500 Japan Chain Store Sales YY January
0700 Germany GDP Detailed ?QQ SA Q4
0700 Germany GDP Detailed YY ?NSA Q4
1000 EU HCIP Final MM, YY January
(Reporting by Ishaan Arora; ?Editing by Sherry Jacob-Phillips)
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