On February 24, 2026, gold prices fell from a three-week high, dropping 1.5% to $5,150.38 per ounce, as a stronger dollar overshadowed the uncertainty stemming from U.S. President Donald Trump's tariff policy. This decline followed a warning from Trump that countries should not abandon recently negotiated trade deals, threatening to impose much higher duties under different trade laws if they did. The Supreme Court's decision to strike down Trump's emergency tariffs has led to increased volatility in global markets, with Wall Street experiencing a selloff that saw the S&P 500 drop 1.0% and the Nasdaq Composite fall 1.1%. Asian markets mirrored this sentiment, with India's benchmark Nifty 50 set to open lower, reflecting concerns over both tariff-related uncertainties and fears of AI-driven disruptions affecting the IT sector, which has seen a year-to-date drop of 16.7%.
BUSINESS
Gold Prices Drop Amid Trump Tariff Threats And Market Volatility
67% NEGATIVE
On Feb 24, 2026, gold prices fell 1.5% to $5,150.38 amid a strong dollar and tariff uncertainties. Market volatility increased due to geopolitical tensions and a Supreme Court ruling on tariffs.
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