Gold briefly fell below the $3250 mark following reports that a US court declared most of the tariffs imposed by former President Trump illegal. However, prices quickly recovered as investors digested the implications of this ruling. Commerzbank’s Head of FX and Commodity Research, Thu Lan Nguyen, indicates that while initial market reactions saw declines, the fundamentals supporting gold remain strong. Investors should keep an eye on geopolitical shifts and market sentiment which will continue to influence gold prices amid ongoing trade and policy uncertainties.