Gold outlook: climbs to $5,200 following a 15% Trump tariff increase

crypthub

about 7 hours ago

Gold Price Surge

Gold rose to $5,202.32, up 2% in 24 hours and close to its $5,591.56 peak. The jump follows a weakening dollar after President Trump lifted global tariffs to 15%. Investors fled to bullion as a safe‑haven amid heightened market uncertainty.

Tariff Conflict and Legal Ruling

A Supreme Court ruling struck down most of Trump’s IEEPA tariffs, leading him to issue an executive order that raised global duties to 15% and triggers a 150‑day congressional review. Customs will suspend IEEPA collections, leaving roughly $130 bn already collected in doubt. Questions remain about refunds and future enforcement.

Market Outlook and Technical Signals

Analysts label the episode an “unholy mess,” warning of supply‑chain reviews and inflation pressure. On the 15‑minute chart gold broke above $5,180, targeting resistance at $5,220‑$5,250; a drop below $5,150 could revive consolidation. Longer‑term models project gold near $10 k by 2026 if volatility endures.