Gold Slips from Three Week High as Stronger Dollar and Profit Taking Weigh on Prices

Gold fell on Tuesday as a stronger dollar and profit-taking ended a four-day rally. Investors remain focused on new U.S. tariffs and upcoming nuclear talks.

Spot gold prices fell by more than 1% as a strengthening United States USUS dollar and profit-taking followed a recent tariff announcement by the Trump administration. This move, recorded at 08:48:36.000Z on February 24, 2026, has significant implications for the commodities market as it alters bullion valuations and investor positioning. The decline effectively snapped a four-session winning streak for the precious metal, which had reached a three-week high just prior to the reversal.
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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