Gold Fundamentals and News:
• Trump pauses new tariffs on most nations for 90 days, after steep duties kicked in Wednesday.
• Tariffs on Chinese goods raised to 125% after China imposed a 50% tariff on US imports.
• Fears of a US-China trade war intensify, stoking inflation concerns and weighing on global growth outlook.
• Gold surged over 2% on Wednesday, marking its best day since October 2023, despite equity market recovery.
• Traders dialled back rate cut bets after March FOMC minutes showed unanimous concern over inflation risks.
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