Gold now up to $5,192
Live Blog Update #2 Published
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.
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With a reiterated buy rating, analysts at Bank of America lowered their price target on Dell (NYSE: DELL) to $135 from $150 ahead of earnings this week. The firm said, “Dell reports F4Q on 2/26 where impending memory headwinds will likely overshadow what should be a strong F4Q print,” as quoted by CNBC.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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