• XAU/USD steady in Asia, hovers near psychological and key milestone at $3000

• Rallied 1.9% Thu, hit a record $2981.31 on Trump's erratic tariff policies

• Boosted by rising fears of U.S. recession, expectations of Fed policy easing

• Lutnick says recession would be "worth it" to achieve Trump's economic goals

• Geopolitical concerns, doubts on Ukraine ceasefire contribute to bid tone

• Demand from major central banks continues to support gold

• China's central bank ups gold reserves for 4th straight month in February

• Rally above $3000 may lead to acceleration; support $ 2950-2955

• Thursday range 2931.58-2989.31; Asia range 2981.79-2989.46
What Americans think about tariffs:


US recessions: how bad was it for inflation?:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)