US Tariff Ruling Impact on Metals Markets

Gold jumps and dollar slides as global trade faces new Trump tariff threat US president imposes 15% duty after Supreme Court strikes down previous policy. The dollar weakened against a basket of its key trading partners on Monday while gold prices climbed. Gold rose and the dollar fell on Monday after Donald Trump deepened uncertainty over global trade by imposing a new 15 per cent tariff following a landmark US Supreme Court ruling that his previous policy was unlawful. The US president responded to Friday’s ruling from America’s top court by announcing a flat-rate tariff on the country’s trading partners, which is set to come into force on Tuesday. The new duty relies on the 1974 Trade Act and will allow Trump to set import restrictions for up to 150 days. In its ruling, the Supreme Court said that the president had exceeded his authority in using emergency powers to impose his “liberation day” tariffs last year. Trump’s launch of his trade war last April convulsed currency, bond and equity markets but stocks, powered by the AI boom, have since recovered to hit record highs. In early London trading on Monday, gold, a haven asset, rose 0.6 per cent to $5,133 a troy ounce while the dollar weakened 0.3 per cent against a basket of its peers. Futures tracking US stocks were pointing to a 0.5 per cent drop for the S&P 500 and a 0.7 per cent fall for the Nasdaq 100. The reaction in European stock markets was more muted, with the Stoxx Europe 600 down 0.3 per cent in early trading. Technology stocks were the worst performing, with the sub-index tracking those stocks falling 0.9 per cent. Yields on 10-year Treasuries, which move inversely to prices, fell 0.01 percentage points to 4.07 per cent. Bitcoin dropped 2.7 per cent to $65,801 a token. “The market is pricing in uncertainty because they don’t know where tariffs are going to land,” said Ecaterina Bigos, chief investment officer for Asia ex-Japan at BNP Paribas Asset Management. Analysts at RBC Capital Markets said that the threat to stocks was mitigated by the fact that the overall effective tariff rate under Trump’s new policy was lower than under the previous regime. “In the short term, current aggregate tariff levels have come down and uncertainty has risen,” they noted. Hong Kong’s Hang Seng index led gains, adding 2.4 per cent. Taiwan’s Taiex closed up 0.5 per cent and South Korea’s Kospi climbed 0.7 per cent. Japan’s markets were closed. Markets in mainland China, which would stand to be one of the countries with most to gain from a 15 per cent tariff, were also closed. Morgan Stanley economists said in a report that the new headline tariff rate of 15 per cent would reduce the average weighted levy on Asian goods to 17 per cent from 20 per cent, while those on China would decline to 24 per cent from 32 per cent. https://lnkd.in/d4afPS_M

This is the most important article from Wall Street on net settlement in gold. US Trade Deficit shrinks by 25% during last 4 months and its primarily due to gold exports. While the article does not dig deeper into the transaction but it's clearly a signal of a change in monetary system and looks to be a trade settlement in gold. May be it's a starting point for a complete re-valuation of gold and its role in global financial system. As a consequence, we will see a higher price in gold preferably 2 -3x on account of US managing its fiscal deficit through gold.

🇮🇳 TARIFF REVOLUTION 📈🔥 US President Donald Trump has announced that he will sign an executive order imposing a 10% global tariff, hours after the US Supreme Court struck down his reciprocal tariff regime as unlawful. This development signals renewed trade tensions and potential volatility across global markets. Investors should closely monitor policy direction, currency impact, and sector-specific exposure in export-driven industries.

Silver and gold are expected to extend their gains next week as investors sought safety in safe-haven assets amid renewed trade tensions following US President Donald Trump's decision to raise global tariffs and rising geopolitical strains in the Middle East, analysts said. Read more at: https://lnkd.in/gF5ZxbbY

The Gold Standard Amidst Trade Chaos. General Disclaimer: This report provides analysis based on public information and should not be construed as investment advice. Always conduct your own research and risk assessment before trading. "Tariff-Proofing" Portfolios Gold (XAUUSD) is the undisputed "main character" of the markets today, Monday, February 23, 2026. While the standard calendar looks quiet, the "hidden" drivers are creating an explosive environment for bullion. The Tariff Executive Order: Over the weekend, US President Trump signaled he would sign an executive order to raise global tariffs from 10% to 15% immediately. This follows a landmark Supreme Court ruling on Friday that struck down previous "reciprocal" duties. The market's reaction? A scramble for safe-haven assets as trade war fears reignite. USD Weakness: Surprisingly, the US Dollar has struggled to gain traction today. Concerns that new tariffs could put fresh stress on US government finances are weighing on the Greenback, allowing Gold to climb nearly 1% to test the $5,150 zone. Geopolitical Tinderbox: Tensions in the Middle East remain at a fever pitch, with US military deployments near Iran keeping the "risk premium" on Gold exceptionally high. Technical Bias for the Day The technical structure is currently strongly bullish, characterized by a "mean reversion" rally that has reclaimed key psychological territory. Key Levels to Watch: Resistance: $5,150 (Immediate hurdle). A clean break here opens the door to $5,290. Support: $5,000 (Psychological). As long as we stay above this "line in the sand," the uptrend remains intact. The stars are aligning for a major Gold rally. With a weakening Dollar, escalating Middle East tensions, and the return of aggressive trade tariffs, the "Paper Market" is quickly catching up to physical demand. The volatility is here, and the move toward $5,200 could happen in the blink of an eye. If you aren't positioned for this "flight to safety," you might find yourself chasing the candle.

How to Work with International Commodity Prices in Times of War In global trade, volatility is not the exception — it’s the rule. But when conflict escalates into war, commodity markets don’t just fluctuate… they react structurally. Prices spike, supply chains fracture, and risk perception becomes as valuable as the product itself. So how do you operate — and more importantly, stay relevant — in this environment? 1. Understand that price is no longer just “market-driven” In times of war, prices are shaped by geopolitics, sanctions, logistics disruptions, and speculation. Oil, grains, fertilizers, and metals become strategic assets. If you’re still pricing based only on supply and demand, you’re already behind. 2. Information becomes your strongest currency Reliable, real-time information is critical. Knowing who is still trading, how they are trading, and under what restrictions can be the difference between closing a deal or losing credibility. 3. Risk mitigation is part of the price War introduces layers of risk: payment risk, transport risk, compliance risk. Instruments like escrow accounts, SBLCs, and insured logistics are no longer optional — they are embedded into pricing and negotiation structures. 4. Flexibility beats rigidity Contracts need to reflect reality. Fixed prices over long periods become dangerous. Instead, consider indexed pricing, shorter validity windows, and clauses that protect both sides from extreme volatility. 5. Logistics can redefine the deal A competitive price means nothing if the product cannot move. Alternative routes, ports, and shipping partners often become the real negotiation leverage. 6. Trust becomes the ultimate differentiator In uncertain environments, buyers and sellers prioritize reliability over price. Strong relationships, transparency, and proven track records outweigh marginal price advantages. --- Final thought: War doesn’t stop trade — it reshapes it. Those who understand this shift, adapt quickly, and operate with intelligence and integrity don’t just survive… they position themselves ahead of the market. #InternationalTrade #Commodities #RiskManagement #GlobalMarkets #Geopolitics #BusinessStrategy

*Breaking News: Trump Slaps 10% Global Tariff! 🚨* President Trump has just signed an executive order imposing a sweeping *10% global tariff* on all imports into the US, effective immediately. 🌎 The Details: Invoked under *Section 122* of the 1974 Trade Act. This 10% hit is on top of existing normal duties and is set for up to 150 days. Trump also announced new investigations into *unfair trading practices* , signaling a potential for even more permanent tariffs down the line. 🇮🇳 *The India Angle* : Despite this aggressive new baseline tariff, Trump specifically confirmed to the press that the recent trade deal framework negotiated with India remains intact. *Market Impact* : The global trade war just entered a highly volatile new chapter. Expect major turbulence across global equity and crypto markets—particularly in export-heavy sectors—as investors digest this massive shift in US trade policy.

#Silver surges nearly 5% in domestic futures trade as rising global tariff tensions and geopolitical uncertainty push investors toward safe-haven assets.

How can anybody trade with the anarchic US? "The U.S. tariff rate for some countries will rise to 15% or higher from the newly imposed 10%, U.S. Trade Representative Jamieson Greer said on Wednesday, without naming any specific trading partners or giving further details." (Reuters)

Is Trade War 2.0 already underway? Tariffs are back in the driver’s seat after a Supreme Court challenge to U.S. tariff authority and a move to lift baseline import rates to 15%, reigniting trade war fears. Equities are on the defensive, the U.S. dollar is softening, and global partners are pushing back. Gold is catching the bid as investors rotate toward safe havens, lifting Canadian producers and developers in a market once again driven by policy headlines. Watch the full Weekly Insight to see how this tariff shock fits into the broader market landscape and hear Ryan Iverson break down the other key themes shaping investor strategy this week: https://lnkd.in/gUJ4Y2gP __ Presented by Market One & CEM Farhan Lalani, Neil Currie, Adam Currie, Howard Fitch, Matt Fleming #Tariffs #Trade #TradeWar #Volatility #Gold Please see our disclaimer: https://lnkd.in/g--VGSzK