Gold prices end in green for 3rd straight session

Gold bars

Gold prices finished in the green today, March 5, amid growing uncertainty on the back of President Donald Trump's trade policy agenda, besides recent US labor market data that showed slower private-sector employment, raising fears of recession.

Gold futures for April delivery climbed by 0.2%, or $5.4, to close at $2,926 per ounce, extending their gains for the third consecutive session.

This came as the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, plunged by 1.3% to 104.35 points at 10:45 pm Makkah time.

The Federal Reserve's Beige Book report released earlier today revealed concerns in the US manufacturing and construction sectors, given the impact of Trump’s recent tariffs on prices related to input costs.

Meanwhile, ADP data also showed that US private companies added just 77,000 new jobs in February, which is way below the upwardly revised 186,000 jobs in January, and less than expectations of 141,000 jobs.