- Gold prices stabilized in Asian trading on Friday but are still on track to achieve weekly gains, as the US dollar remained near its lowest level in four months amid continued uncertainty over trade policies.

- Investors remained cautious while awaiting the key employment report scheduled for later today.

- There was little change in the spot gold price, which remained at $2,913.57 per ounce, while April gold futures rose by 0.1% to $2,920.55 per ounce.

- Gold prices continued to be supported with the US dollar remaining at its lowest level in four months after touching this level in the previous session. The yellow metal is heading for weekly gains of around 2%.

- The dollar's decline against major currencies makes gold, priced in dollars, more attractive to investors.

- Earlier this week, President Trump escalated trade tensions by imposing a 25% tariff on Canadian and Mexican goods and raising tariffs on Chinese products to 20%. However, just two days later, he softened his stance and delayed the imposition of the 25% tariff on Mexican and Canadian goods under the United States-Mexico-Canada Agreement (USMCA) until April 2.

- Although this move provides some temporary relief, it added more volatility and uncertainty to the markets, as US trade policies remain unclear.

- Amid these developments, gold, which is typically seen as a haven during times of economic uncertainty, remained supported.

- At the same time, investors are cautiously awaiting the release of the US employment data due later on Friday. This report is expected to provide insights into the Federal Reserve’s future decisions on interest rates, particularly in light of recent inflation data that supported the Fed’s hawkish stance.

- Conversely, platinum futures stabilized at $982.1 per ounce, while silver futures declined by 0.4% to $33.198 per ounce.

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