Gold Prices Soar: Trump's Tariffs, US Supreme Court Ruling Fuel Global Instability

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News18•21-02-2026, 05:52
Gold Prices Soar: Trump's Tariffs, US Supreme Court Ruling Fuel Global Instability
- •Gold prices are skyrocketing, unlikely to decrease soon due to global tensions and the US Supreme Court's decision on Trump's tariffs.
- •The US Supreme Court struck down Trump's retaliatory tariffs, requiring the US government to refund collected taxes to companies, posing a challenge for the debtor nation.
- •The ruling effectively cancels Trump's trade deals, including one with India, leading to global economic instability and prolonged turmoil.
- •A weakening US dollar, due to reduced tax revenue, drives investors to gold as a safe haven, causing a sharp increase in prices.
- •Experts advise buying gold jewelry quickly as prices are expected to continue rising amid ongoing economic tensions and geopolitical fears.
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