Gold Slips as Court Ruling on Trump’s Tariffs Boosts Risk Sentiment

 Key Takeaways:

*Gold prices slipped as risk sentiment improved following a U.S. court ruling against Trump’s tariff strategy.

*Court decision lowers trade war risk, reducing safe-haven demand for gold.

*Capital rotated into riskier assets, with equities and crypto rebounding modestly.

Market Summary:

Gold prices fell sharply during early Asian trading hours as global risk appetite strengthened in response to a U.S. court decision invalidating former President Donald Trump’s global tariff measures. The U.S. Court of International Trade ruled that the emergency powers used to justify the levies were misapplied, dealing a blow to a central component of the Trump administration’s economic policy framework.

While the ruling remains subject to appeal, investors interpreted the decision as a step toward reduced trade tensions, leading to diminished demand for traditional safe-haven assets like gold.

The case is part of a broader set of legal challenges to Trump’s executive authority, including issues related to immigration, federal employment, and budget implementation. If upheld, the ruling may significantly lower the risk of abrupt tariff shocks in the future—an important consideration for markets already on edge over inflation and growth concerns.

In response, gold saw profit-taking and capital outflows, while equities and cryptocurrencies posted moderate recoveries, reflecting improved risk sentiment.

Technical Analysis

GOLD, H4 

Gold is under pressure and currently testing key support at $3250.00. The MACD indicates strengthening bearish momentum, while the RSI has fallen to 34, suggesting further downside potential.

• A decisive break below $3250.00 may trigger a continued selloff toward the next support at $3205.00.
• However, failure to break this level could lead to short-term consolidation or a rebound toward resistance at $3290.00, with the next upside level at $3324.00.

Resistance levels: 3290.00, 3324.00

Support levels: 3250.00, 3205.00