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Gold Hits Three-week High as US Tariff Ruling Incites Safe-Haven Buying

Main Street
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488 Video Views·Feb 23, 2026
Gold rose over 1% on Monday, reaching $5,152 per ounce by late morning,
the highest price in three weeks.
The dollar fell after the Supreme Court found on Friday Trump's sweeping tariffs exceeded
his authority. The fresh uncertainty in trade policy stirred up demand for the safe haven metal
and made greenback-priced commodities like bullion more affordable for overseas buyers.
Trump responded over the weekend by lashing out at the court and imposing a blanket
15% levy on imports, the maximum level allowed under the law,
and insisting trade deals with nearly 20 countries, most with higher tariffs, should stay.
Data on Friday showed underlying US inflation increased more than expected in December,
and signs are pointing to a further acceleration in January.
This could discourage the Federal Reserve from easing interest rates soon,
lessening the appeal of holding non-yielding gold.
