Gold hits a three-week high after court ruling on Trump fees
Gold surged to its highest level in three weeks after a ruling by the U.S. Supreme Court on tariffs imposed by President دونالد ترامب, shaking global markets and driving investors toward safe-haven assets.
The price of gold climbed by as much as 1.4 percent, reaching $5,176 per ounce, amid heightened uncertainty in global markets. The rally followed a decision by the Supreme Court of the United States to overturn sweeping tariffs that had been imposed by دونالد ترامب under the National Emergency Act (Nationale Noodwet).
Shortly after the ruling, دونالد ترامب announced a new global tariff of 10 percent based on a different legal framework. Over the weekend, he raised the rate further to 15 percent. The sudden policy shift unsettled global trade flows and reignited fears among investors already wary of escalating economic tensions.
Market analysts said the renewed uncertainty pushed traders toward gold as a traditional safe haven during times of volatility. Tim Waterer of KCM Trade noted that whether prices could surpass the $5,400 mark again would largely depend on how long tariff-related ambiguity persists, as well as on potential geopolitical developments.
In a related move, the U.S. Customs and Border Protection agency confirmed it would halt the collection of tariffs affected by the court’s ruling. The agency stated that, starting Tuesday, all tariff codes linked to the disputed law would be deactivated.
Meanwhile, U.S. Treasury Secretary سكوت بيسنت stressed that tariff revenues for this year and beyond would remain unchanged. He added that decisions regarding any potential refunds would be determined by lower courts, a process that could take weeks or even months to resolve.