Gold prices fall from three week high as dollar firms amid global trade uncertainty

Gold prices fell from a three-week high on Tuesday as a stronger dollar pressured the metal. Investors remain cautious amid trade and geopolitical tensions.

A stronger United States USUS dollar drove spot gold prices down approximately 1.5% on February 24, 2026, forcing a retreat from a more-than-three-week high. The downward pressure exerted by the dollar's strength outweighed supportive forces that had recently bolstered the metal, including uncertainty surrounding trade policy and persistent tensions between Washington and Iran IRIR.
Gold imitations are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
Gold imitations are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration
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