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Gold Rises as Trump Tariff Defeat Throws Trade Deals Into Doubt

Yihui Xie
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⚡ Quantum Brief
Gold prices surged 1.4% to near $5,180 per ounce after a third consecutive weekly gain, driven by escalating trade policy uncertainty and a weakening U.S. dollar. President Trump announced a 15% global tariff following a Supreme Court ruling that blocked his emergency powers for setting duties, sparking market volatility and investor caution. The weaker dollar increased gold’s appeal as a hedge, lowering its cost for foreign buyers amid heightened economic uncertainty and shifting trade dynamics. This marks gold’s sharpest rise in months, extending its rally as traders seek safe-haven assets amid geopolitical and fiscal instability stemming from the tariff dispute. Analysts warn prolonged trade tensions could sustain gold’s upward trajectory, with investors closely monitoring further policy moves and their impact on global markets.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Gold climbed after a run of three weekly gains, as heightened uncertainty over US trade policy unsettled markets and hurt the dollar.Bullion rose as much as 1.4% toward $5,180 an ounce.

President Donald Trump said Saturday he would impose a global tariff of 15% to preserve measures after the Supreme Court ruled against his use of emergency powers to set duties. The weaker dollar made the metal cheaper for many buyers.

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Source: Bloomberg

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