Gold falls for fourth day as US court blocks Trump tariffs
Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda. Bullion fell as much as 1.1% on Thursday, adding to a 2% loss in the previous three sessions, as the US Court of International Trade deemed the bulk of Trump’s tariffs illegal, further strengthening the dollar. A stronger greenback makes gold more expensive for most buyers.
Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda.
Bullion fell as much as 1.1% on Thursday, adding to a 2% loss in the previous three sessions, as the US Court of International Trade deemed the bulk of Trump’s tariffs illegal, further strengthening the dollar. A stronger greenback makes gold more expensive for most buyers.
