COMMODITY
Gold futures trade sharply higher on renewed tariff woes
Feb-23-2026
Gold futures traded sharply higher in early deals of Monday, as the safe haven appeal soared after US President Donald Trump announced plans to hike global tariffs from 10% to 15%.  Intensified fears of a potential US military strike on Iran, and softer dollar also buoyed yellow metal investments. Meanwhile, the precious metal for the most active contract had marked a rise of 0.68% for the week, third consecutive weekly gain.

Gold futures for April delivery surged by $102.20 or 2.01% to $5,183.10 an ounce on the Comex division of the New York Mercantile. While, spot gold soared by $56.82 or 1.11% to $ 5,164.27 an ounce.

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