Gold prices climb as US tariff uncertainty boosts safe haven demand

Gold prices rose Wednesday as investors sought safe havens following a US Supreme Court ruling on tariffs. Market uncertainty persists as the Fed holds rates.

Gold prices climbed during Asian trading on Wednesday as investors increased safe-haven demand following a significant legal setback for the White House / U.S. tariff policy. The U.S. Supreme Court struck down a set of measures from President Donald Trump, a move that has injected fresh uncertainty into global trade expectations. This development directly affected bullion prices and lifted demand across the broader precious metals market as market participants reacted to the sudden shift in the regulatory landscape.
Gold imitation and U.S. dollar banknotes are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
Gold imitation and U.S. dollar banknotes are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
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