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Gold on Watch Amidst US Trade Court Drama
Gold prices are on watch ahead of the weekend with the futures market holding the latest test of the 3,254.63 support. Safe-haven demand looks to be rising again here, likely linked to uncertainty around the US Court of International trade ruling that Trump’s reciprocal trade tariffs are illegal and should be blocked, giving the US president 10 days to act. Trump is now appealing the ruling and traders are awaiting further updates. Implications for Gold Prices For gold prices the impact of the ruling looks clear. If the ruling is upheld and Trump is forced to abandon reciprocal tariffs, this will be a net-positive ... (full story)
