Gold prices trim gains as Supreme Court strikes down Trump tariff plan
Gold prices pared gains on Friday after the U.S. Supreme Court struck down President Trump's tariff plan. However, weak GDP data continues to support bullion.
Insights:
The U.S. Supreme Court struck down President Donald Trump's broad tariff plan on Friday, February 20, 2026, ruling that the administration could not utilize a law intended for national emergencies to implement the trade measures. The decision effectively removed a major source of policy uncertainty that had persisted since the tariffs were first introduced. By striking down the plan, the court has altered the legal basis for the previously imposed tariffs, a move that carries significant implications for investor expectations and the broader global economy.
The ruling coincided with the release of macroeconomic data showing that the US 
US economy expanded at a slower pace than anticipated. Fourth-quarter GDP growth was reported at 1.4 percent, a figure that came in below forecasts. This combination of legal and economic developments triggered an immediate jump in Wall Street main stock indexes, as investors recalibrated their positions in response to the sudden removal of trade-related legal hurdles.
US economy expanded at a slower pace than anticipated. Fourth-quarter GDP growth was reported at 1.4 percent, a figure that came in below forecasts. This combination of legal and economic developments triggered an immediate jump in Wall Street main stock indexes, as investors recalibrated their positions in response to the sudden removal of trade-related legal hurdles.
