Gold prices reach three week high as US tariff ruling sparks market uncertainty

Gold hit a three-week high on Monday as a US tariff ruling pressured the dollar. Investors sought safety while President Trump vowed to raise import duties.

The U.S. USUS Supreme Court struck down President Donald Trump's sweeping tariffs on February 23, 2026, a decision that immediately triggered significant volatility across global financial markets. The ruling prompted a sharp move into safe-haven assets, driving spot gold prices to their highest level since January 30, marking a more-than three-week peak.
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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