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2026.02.2016:20:35UTC+00Gold Rises After Supreme Court Trade Ruling

Gold advanced toward $5,050 per ounce on Friday, supported by a weaker US dollar after a Supreme Court ruling against global tariffs reinforced its appeal as a hedge against policy risk. The Court’s decision to strike down reciprocal duties pressured the greenback as markets weighed the prospect of tariff refunds and easing trade tensions.

Additional support came from macroeconomic data, with fourth-quarter US GDP slowing to 1.4% and core PCE inflation surprising to the upside at 3%, leaving the Federal Reserve’s policy path uncertain. Safe-haven demand also remained solid as an expanded US military presence in the Middle East and renewed threats of retaliation from Iran heightened concerns over potential supply shocks.

Although physical buying in Asia stayed subdued around the Lunar New Year, gold remains on track for a strong weekly close as traders balance the legal setback for the White House against sticky inflation and ongoing regional instability. Caught between a cooling US economy and persistent geopolitical friction—despite a divided FOMC and a still-resilient labor market, with jobless claims at 206,000—gold continues to find firm underlying support.

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