Gold advanced in early Asian trading as investors reacted to developments around U.S. trade policy.
Bullion rose as much as 1.3% to trade above $5,170 an ounce during the session. Prices later stood at $5,144.72 an ounce as of 8:25 a.m. in Singapore.

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Other precious metals also moved higher. Silver gained 2.2% to $86.47 an ounce. Platinum and palladium recorded advances during the session.

Supreme Court Ruling On Tariffs

The U.S. Supreme Court ruled against Trump’s use of emergency powers to impose sweeping reciprocal tariffs.

The decision curtailed the legal basis used to introduce import levies under a national emergency framework.

Following the ruling, Trump said on Saturday that he would raise a temporary tariff on U.S. imports from all countries from 10% to 15%.

The revised rate represents the maximum allowed under the relevant trade law.

Impact On Trade Engagements

The court decision has affected the status of trade discussions between the U.S. and several major partners.
Indian officials have postponed a planned visit to Washington, according to a Bloomberg report.

In Europe, the European Parliament’s trade chief said he would propose delaying the ratification of a trade agreement with the U.S. until there is further clarity.

In Japan, a member of the ruling party publicly commented on the uncertainty surrounding the situation.

Currency Movements

The Bloomberg Dollar Spot Index fell 0.2% on Monday. The index had also declined 0.2% on Friday.
The softer dollar reduced the cost of gold for buyers using other currencies. Gold is priced in dollars and typically moves inversely to the U.S. currency.

Recent Price Context

Gold has recorded gains over the past three weeks following a sharp decline earlier in the month.
Price movements have coincided with shifts in global trade policy and currency markets.

Market participants continued to track policy statements and official actions related to tariffs and trade arrangements during the session.