Gold prices are now up to $5,192 and rocketing higher on global tariff uncertainty.
As noted earlier, President Trump unveiled 15% global tariffs after the U.S. Supreme Court struck down his reciprocal tariffs late last week.
In response, “The European Commission requests full clarity on the steps the United States intends to take following the recent Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA),” the Commission said in the statement.
“The current situation is not conducive to delivering ‘fair, balanced, and mutually beneficial’ transatlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025,” they added.
Until the situation cools off, gold could push even higher immediate term.