<\/p>\n
Gold is trading more than 1% higher at the start of European trading on Monday, February 23, the opening session of the week. The precious metal benefited from a weaker US dollar at the market open and increased demand for safe-haven assets as markets continued to assess the US Supreme Court’s decision last week. Gold is trading up approximately 1.06% at $5,155 per ounce, its highest level in three weeks, while silver is trading at $86.80 per ounce, up 2.64%.<\/p>\n
The US Supreme Court last week overturned the reciprocal tariffs imposed by the US president on most of the world’s economies. The decision, issued by a 6-3 majority, affirmed that the International Emergency Economic Powers Act did not grant the president the authority to impose tariffs. This has increased market uncertainty and boosted demand for safe-haven assets and currencies, with gold leading the way.<\/p>\n
Platinum, in turn, is trading at $2,164, up 0.35%, while palladium is up about 1.76%, trading at $1,778.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Gold is trading more than 1% higher at the start of European trading on Monday, February 23, the opening session of the week. The precious metal benefited from a weaker US dollar at the market open and increased demand for safe-haven assets as markets continued to assess the US Supreme Court’s decision last week. Gold […]<\/p>\n","protected":false},"author":1,"featured_media":8346,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-9031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jet-metals-markets"],"acf":[],"yoast_head":"\n