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Gold

US Court Blocks Trump Tariffs, Gold Prices Hold Steady

Gold On Pace for Historic 91.5% Annual Return Through Q1 2025
Gold On Pace for Historic 91.5% Annual Return Through Q1 2025

A US trade court has blocked President Trump’s global tariff agenda, ruling many tariffs illegal.

This news initially pushed gold prices lower as the dollar strengthened, though gold later steadied.

The Trump administration is appealing the decision, which could ultimately reach the Supreme Court.

The ruling may reduce gold’s appeal as a safe-haven investment, though analysts note the precious metal’s long-term upward trend remains intact.

Gold is currently trading around $3,320 per ounce, down slightly on the day.

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