Gold Rises After Supreme Court Trade Ruling

2026-02-20 16:20 By Felipe Alarcon 1 min. read

Gold rose toward $5,050 per ounce on Friday as a retreat in the US dollar after a Supreme Court ruling against global tariffs reinforced its appeal as a hedge against policy risk.

The Court struck down reciprocal duties which pressured the greenback as markets assessed potential refunds and cooling trade tensions.

Bullion remains supported by weak Q4 GDP growth of 1.4% and an overshoot in core PCE inflation to 3% which kept the Fed path uncertain.

Safe haven demand stayed firm as an expanded US military posture in the Middle East and threats of retaliation from Iran renewed supply shock concerns.

While Asian physical demand remained muted for the Lunar New Year, the metal is positioned for a strong weekly finish as traders weigh the legal setback for the White House against sticky inflation and regional instability.

Between a cooling economy and persistent geopolitical friction, gold continues to find support despite a split FOMC and a resilient labor market with claims at 206K.



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