Gold Rises as Trump Tariff Defeat Throws Trade Deals Into Doubt

Gold climbed after a run of three weekly gains as heightened uncertainty over US trade policy unsettled markets and hurt the dollar.

Bullion rose as much as 2.2% to top $5,200 an ounce. US President Donald Trump said Saturday he would impose a global tariff of 15% after the Supreme Court ruled against his use of emergency powers to levy duties. A weaker dollar made the metal cheaper for many buyers.