- Gold prices rose in Asian trading on Tuesday as the dollar weakened, settling near a four-month low amid growing fears of a U.S. economic recession driven by President Donald Trump’s trade policies.

- Investors were cautiously awaiting Wednesday's release of the U.S. Consumer Price Index (CPI) data. The data could influence the Federal Reserve’s upcoming monetary policy decision, particularly amid uncertainty surrounding trade tariffs.

- Spot gold rose by 0.4% to $2,900.11 per ounce, while April gold futures climbed 0.2% to $2,904.50 per ounce.

- The Trump administration imposed 25% tariffs on imports from Mexico and Canada, along with additional measures targeting China, sparking concerns about a potential economic slowdown and rising inflation.

- In an interview on Fox News last week, President Trump refrained from predicting whether the U.S. might face a recession in 2025 amid escalating trade tensions.

- Economic risks are mounting for Mexico, Canada, and the U.S. as businesses and policymakers struggle with uncertainty stemming from the chaotic implementation of Trump’s tariffs. The likelihood of a recession is also increasing across all three nations.

- Amid these developments, gold received support due to its traditional appeal as a safe-haven asset.

- The U.S. Dollar Index fell by 0.2%, remaining near a four-month low during the Asian session, making gold more attractive to foreign investors.

- The Federal Reserve is set to meet on March 18-19 to decide on interest rates. Markets are closely watching February’s CPI data release, which serves as the final key data point before the meeting, to gauge the Fed’s rate outlook.

- Meanwhile, platinum futures declined by 0.3% to $961.20 per ounce, while silver futures rose by 0.3% to $32.638 per ounce.
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