Gold prices experienced a decline in Asian trading on Thursday, dipping by 0.5% to $3,273.19 per ounce. This drop followed a U.S. court ruling that blocked President Trump’s planned tariffs, leading to increased market risk appetite and lower demand for safe-haven assets like gold.

Tariff Ruling Boosts Risk Assets, Hurts Gold

The ruling from the U.S. Court of International Trade clarified that Trump lacked the authority to impose sweeping tariffs, thereby boosting market sentiment. As a result, gold sellers emerged as risk-driven assets gained traction.

• Spot gold: -0.5% to $3,273.19

• August futures: -0.8% to $3,297.25