Gold climbs to 3-week high as US tariff ruling stokes uncertainty

Gold prices climbed to a more than three-week high on Monday as uncertainty stoked by the US Supreme Court’s decision to strike down a vast swathe of President Donald Trump’s tariffs pressured the dollar and pushed investors to the safety of bullion. Spot gold climbed 1.1% to $5,161.64 per ounce by 0419 GMT, earlier hitting its highest since January 30. US gold futures for April delivery were up 2% at $5,183. “The court’s tariff ruling has, aside from earning the ire of the US president, added another layer of uncertainty to global markets with traders again turning to gold as a defensive play,” said Tim Waterer, KCM chief analyst.