On February 24, 2026, gold prices fell from a three-week high, retreating to $5,148.28 per ounce, influenced by profit-taking and a stronger U.S. dollar. Jim Wyckoff, a senior analyst at Kitco Metals, noted, "Gold prices (had been) trending higher again so I suspect this is just a corrective pullback," emphasizing that the higher dollar negatively impacted gold's appeal. This decline occurred as traders awaited clarity on U.S. tariff plans following President Trump's announcement of a 10% tariff on non-exempt goods, which is set to rise to 15%. The backdrop of U.S.-Iran tensions also contributed to gold's volatility, with Wyckoff stating, "You've still got solid safe-haven demand, with Iran–U.S. tensions and tariff uncertainty limiting selling in gold."
BUSINESS
Gold Prices Fall Amid U.S. Tariff Uncertainty And Dollar Strength
69% NEGATIVE
On Feb 24, 2026, gold prices fell to $5,148.28 amid profit-taking and a stronger dollar, while soybean futures dropped due to U.S.-China export concerns and tariff uncertainties affecting markets.
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