Gold Rise, Tariff Turmoil & Bitcoin Falling..


Summary by Leo the AI:

Following the U.S. Supreme Court’s ruling that many of Trump’s tariffs are illegal, gold prices surged while Bitcoin and other cryptocurrencies declined.

**Key Details:

- The U.S. Supreme Court declared several of Trump’s tariffs unlawful; Trump responded by imposing a new global tariff, raising the rate from 10% to 15%.

- Gold traded at around **$5,150 per ounce** Monday morning, and silver at **$86.80 per ounce** — both rising after Friday’s tariff news.

- Analysts attribute the gold rally to heightened market uncertainty, with investors turning to gold as a “safe haven.”

- Bitcoin fell roughly **2.5%** over the past 24 hours, trading around **$66,300**, down from earlier lows below $65,000.

- The U.S. dollar weakened slightly against the euro (~$1.18) and the Norwegian krone (~9.56 NOK per USD).

- Rising tensions over a potential U.S. military strike on Iran are also pushing up oil and gold prices.


**Why It Matters:

Trump’s tariff uncertainty is fueling market volatility, prompting investors to shift toward traditional safe-haven assets like gold while riskier assets like crypto decline.

source/e24

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