Gold declines from 3-week high

Gold prices fell from their highest level in more than 3 weeks today, and by 01:25 GMT, the price of gold in spot transactions fell 1.5 percent to $5,150.38 per ounce, after recording its highest level in more than three weeks earlier in the day.

US gold futures for April delivery fell 1.1 percent to $5,170.70.

The dollar rose, making the metal denominated in the US currency more expensive for holders of other currencies.

Yesterday, Monday, US President Donald Trump warned countries against reneging on the trade agreements they recently negotiated with the United States after the Supreme Court canceled the emergency customs duties he had imposed, saying that he would impose much higher duties on those countries under various trade laws.

Fed member Christopher Waller said he was open to keeping interest rates unchanged at the March meeting if upcoming February jobs data indicated the labor market had “shifted to a more solid footing” after a weak 2025.

According to CME’s Fed Watch tool, markets currently expect interest rates to be cut by 25 basis points three times this year.

Asian stock markets fell in early trading on Tuesday, as Wall Street’s overnight decline worried investors, and sentiment was damaged by increasing uncertainty about Trump’s tariff policy and escalating geopolitical turmoil.

As for other precious metals, the price of silver in spot transactions fell 3.1 percent to $85.50 per ounce after recording its highest level in more than two weeks in the last session.

The price of platinum in spot transactions fell 2.9 percent to $2,092.31 per ounce, and palladium fell 2.1 percent to $1,706.50.