Court Blocks Trump's Tariff Policies; Gold Prices Drop for Fourth Consecutive Day

Washington D.C.: A U.S. federal court has blocked President Donald Trump’s sweeping tariffs, which were imposed using emergency executive powers. Following the court ruling, gold prices fell for the fourth consecutive day in global markets. The primary reasons for the drop include a strengthening U.S. dollar and increased investor confidence in equity markets.

The verdict, issued by the Court of International Trade, marks a significant setback for the Trump administration. The court observed that the former President had exceeded his legal authority in imposing the tariffs. Trump's tariff policies had previously created widespread uncertainty in global markets.

During periods of economic instability, investors typically consider gold a safe haven. However, the favorable ruling for the U.S. economy has weakened demand for gold. Expectations that the tariff block could improve global economic conditions have further reduced investor interest in the precious metal, contributing to the continuous price decline.

Following the verdict, the U.S. dollar gained strength. A stronger dollar makes gold more expensive for buyers using other currencies, which typically leads to decreased demand and lower prices.