AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

3/12/2025: Metals gain, inflation eases, EU and Canada tariff US exports

Source: Dana Samuelson, American Gold Exchange

Austin — Gold, silver, platinum, and palladium all gained today. At the New York close gold was up 0.9%, silver 1.7%, platinum 1.3% and palladium 2.0%.

The BLS released their monthly inflation report this morning indicating headline CPI for Feb. rose at 0.20% MoM while core CPI (excluding food and energy) rose 0.2% MoM as well. Headline inflation rose 2.8% YoY while core inflation rose to 3.1% YoY.

Headline inflation, which had been rising steadily since last October from 0.2% to as high as 0.5% just last month, saw the largest MoM decline in a year, back to 0.2% today. Core inflation, which has been less volatile than headline inflation over the past year, finally eased below the 3.2% to 3.3% range it has been stuck in since June of last year.

While it is still too early to say definitively, following six to eight months of sticky inflation, the rate of price increases is easing again. All the data released today preclude any cost input increases President Trump’s aggressive new tariff policies might bring.

The EU and Canadian governments put on tit-for-tat equivalent dollar tariffs on select US goods exported to their countries by the US in response to the US imposition of 25% duties on steel and aluminum effective today. President Trump vowed to respond in kind, however, no details were revealed.

Asian steel and aluminum exporters South Korea, Taiwan, Japan, and Australia offered no retaliatory measures, yet. Mexico is waiting for the US to announce additional reciprocal tariffs on April 2 before responding. Brazil is seeking negotiations with the Trump administration hoping to find middle ground.

The US dollar gained 0.15 on the US dollar index to 103.56 and the yield on the 10-year US treasury edged higher 0.04% to 4.32.

Stocks found a firmer footing today, following the easing inflation report. At the close the DOW was down 0.08%, the S&P 500 gained 0.56%, while the NASDAQ rose 1.3%.

At the New York spot close: gold gained $26.20 to $2,939.10; silver rose $0.59 to $33.48; platinum advanced $8.50 to $989.21; and palladium moved $7.40 higher to $957.00.