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Gold hits three-week high as US tariff ruling incites safe-haven buying

From zawya.com

Gold prices rose over 1% to a three-week high on Monday, as the U.S. Supreme Court ruling against President Donald Trump's tariffs ​sent the dollar lower and injected fresh uncertainty into trade policy, stirring up demand for the safe-haven ​metal. Spot gold ​was up 0.9% at $5,146.89 per ounce by 1010 GMT, having earlier risen as much as 1.1% and hit its highest since January 30. U.S. gold futures ⁠for April delivery were up 1.7% at $5,167.90. The dollar fell after the Supreme Court found on Friday Trump's sweeping tariffs exceeded his authority, making greenback-priced commodities like bullion more affordable ... (full story)

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  • Category: Fundamental Analysis