Powered by: Motilal Oswal
2026-02-25 10:34:54 am | Source: Reuters
Gold rises as US tariff uncertainty lifts safe-haven demand
Gold rises as US tariff uncertainty lifts safe-haven demand

Gold prices climbed on Wednesday as investors flocked to the safe-haven metal during Asian trading, amid uncertainty over U.S. tariffs following the U.S. Supreme Court's ruling that struck down a swathe of President Donald Trump's measures.

Spot gold was up 0.7% at $5,181.95 per ounce, as of 0353 GMT. Bullion ended the previous session down more than 1% as investors locked in profits after gold hit a three-week high earlier in the day.

U.S. gold futures for April delivery were up 0.5% at $5,200.40.

"The return of the Chinese market, along with increased policy uncertainty in the United States, is maintaining the appeal of gold and, to an extent, silver as well," said Kyle Rodda, a senior market analyst at Capital.com.

The United States began collecting a temporary 10% global import tariff on Tuesday, but Washington was working to raise it to 15%, a White House official said, sowing confusion over Trump's tariff policies after the Supreme Court's defeat last week.

Meanwhile, two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.

Markets currently expect three 25-basis-point rate cuts this year, according to CME's FedWatch Tool. [FEDWATCH]

"There's still ample room for further upside for gold here, especially if all the things driving gold prices higher, such as U.S. fiscal trade, foreign policy, continue to persist," Rodda added.

Gold may stabilise around a support of $5,140 per ounce, and retest the resistance at $5,244, Reuters technical analyst Wang Tao said, adding that the immediate resistance is at $5,205; a break above may lead to a gain into the $5,221 to $5,244 range. [TECH/C]

In geopolitics, Iran and the U.S. are set to hold a third round of nuclear talks on Thursday in Geneva, Oman's foreign minister, Badr Albusaidi, said.

Spot silver climbed 2.4% to $89.44 per ounce, after hitting a more than two-week high on Monday.

Spot platinum rose 3.1% to $2,234.75 per ounce, while palladium added 2.2% to $1,807.27.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here