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Gold climbs to a three-week high
Gulf Today
|February 24, 2026
SINGAPORE: Gold climbed to a three-week high on Monday as uncertainty stoked by the US Supreme Court's decision to strike down a vast swathe of President Donald Trump's tariffs pressured the dollar and pushed investors to the safety of bullion.
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Spot gold climbed 0.6% to $5,136.22 per ounce by 0729 GMT on Monday, having earlier hit its highest since January 30. US gold futures for April delivery were up 1.5% at $5,157.50.
"The court's tariff ruling has, aside from earning the ire of the US president, added another layer of uncertainty to global markets, with traders again turning to gold as a defensive play," said Tim Waterer, chief market analyst at KCM Trade.
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