Gold Climbs as Court Curbs Trump Tariff Powers
Gold Climbs as Court Curbs Trump Tariff Powers
SINGAPORE, Feb 23, 2026 — Gold rose on Monday as uncertainty over U.S. trade policy intensified after the Supreme Court curtailed President Donald Trump’s tariff powers, casting doubt on recently negotiated trade agreements and weighing on the dollar.
Spot gold climbed as much as 1.3% to trade above $5,170 an ounce, extending a three-week rally. By 8:25 a.m. in Singapore, bullion was up 0.7% at $5,144.72 an ounce.
The gains followed a Supreme Court ruling restraining Trump’s use of emergency powers to impose reciprocal tariffs. In response, Trump said on Saturday he would pursue a global 15% tariff to maintain protective trade measures.
The ruling has unsettled markets and raised questions over the durability of U.S. trade agreements. The European Parliament’s trade chief said he would propose delaying ratification of an agreement with Washington pending further clarity. Indian officials postponed a planned trip to the United States, while a Japanese lawmaker described the situation as “a real mess.”
The Bloomberg Dollar Spot Index fell 0.2%, making gold cheaper for holders of other currencies and adding support to prices.
Gold has rebounded sharply after a brief selloff earlier this month, supported by geopolitical tensions and investor caution toward sovereign bonds and major currencies.
Other precious metals also advanced. Silver gained 2.2% to $86.47 an ounce, while platinum and palladium rose.
Analysts said continued trade uncertainty and currency volatility could sustain demand for gold as a safe-haven asset.
Bloomberg
