-
Gold pulls back from $5,249 as US Dollar firms on Fed rhetoric
Gold price retreats from three-week high of $5,249 on Tuesday as the Greenback pares some of Monday’s losses on uncertainty about trade policies and hawkish comments by some Federal Reserve (Fed) officials. At the time of writing, XAU/USD trades at $5,160, down 1.24%. Last Friday, the US Supreme Court ruled against US President Donald Trump’s tariffs imposed under the national emergency IEEPA act, which triggered a rally on US equities. In response, the Trump administration enacted duties of 10% worldwide under Section 122, which became effective as of Tuesday at around midnight. In the meantime, the White House ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From finance.yahoo.com | Feb 24, 2026
Gold retreated after four days of gains spurred by uncertainty over US trade policy and heightened tensions in the Middle East. The precious metal pared some losses after earlier falling as much as 2.5%, helped by the weakness in the dollar. Bullion had climbed more than 7% over the previous four sessions, with investors drawn to safer assets as a Supreme ...
In last month’s Gold Technical Forecast we noted that a, “record-breaking rally has exhausted with a spectacular reversal into the close of the week halting the immediate bull-run. From a trading standpoint, losses would need to be limited to 4604 for the 2025 uptrend to remain viable with a weekly close back above 5K needed to fuel another run at the ...
There’s a bit of resolution in gold this week as the late-January sell-off led into three weeks of consolidation, which has taken on the form of an ascending triangle formation that was broken-through in early trade this week. Now the 5100 level that was resistance-turned-support before becoming resistance in that formation is back in play for a support ...
