economy

GOLD PRICE JUMP: US Supreme Court ruling against Trump's tariffs boosted precious metals

Follow the latest news about currencies and money in Serbia and the world

GOLD PRICE JUMP: US Supreme Court ruling against Trump's tariffs boosted precious metals

TL;DR

  • Gold price reached around $5,050 per ounce.
  • US Supreme Court ruling against global tariffs impacted the dollar and gold prices.
  • Weakened US dollar and geopolitical risks increased gold's attractiveness.
  • US economic data (1.4% Q4 GDP growth) and inflation uncertainty affected monetary policy outlook.
  • Geopolitical tensions, including US military presence in the Middle East and Iran's threats, sustained demand for safe havens.
  • Despite lower physical demand in Asia during Lunar New Year, gold prices rose due to legal setbacks for the White House and regional instability.