Gold advanced as the dollar slid, with investors weighing the White House’s next steps on tariffs after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs.
The Supreme Court said Trump exceeded his authority by invoking a federal emergency powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes. The ruling invalidates a large portion of the tariffs that Trump has rolled out in his second term. The ruling implied that the US Treasury may need to refund levies paid by importers and reduce future revenues, according to Bart Melek, global head of commodity strategy-acheter de l’or en Afrique