Gold falls from three-week high as dollar firms

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Gold falls from three-week high as dollar firms

Gold imitations are seen in this illustration picture taken February 20, 2026. REUTERS/Dado Ruvic/Illustration · Reuters

Reuters

Tue, 24 February 2026 at 11:19 am GMT+9 2 min read

In this article:

GC=F

-0.70%

DX-Y.NYB

+0.11%

Feb 24 (Reuters) - Gold prices fell from a more than three-week high on Tuesday, as pressure from a stronger dollar outweighed ‌support from U.S. tariff uncertainty and Washington-Tehran tensions.

FUNDAMENTALS

  • Spot gold ‌fell 1.5% to $5,150.38 per ounce by 0125 GMT after hitting a more than three-week high ​earlier in the day.

  • U.S. gold futures for April delivery were down 1.1% at $5,170.70.

  • The dollar rose, making greenback-priced bullion more expensive for other currency holders. [USD/]

  • U.S. President Donald Trump on Monday warned countries against backing away ‌from recently negotiated trade deals ⁠with the U.S. after the Supreme Court struck down his emergency tariffs, saying that if they did, he would ⁠hit them with much higher duties under different trade laws.

  • Federal Reserve Governor Christopher Waller said he was open to leaving interest rates on hold ​at the ​March meeting if upcoming February jobs ​data indicated the labour market ‌had “pivoted to a more solid footing” after a weak 2025.

  • Markets currently expect three 25-basis-point rate cuts this year, according to CME’s FedWatch Tool. [FEDWATCH]

  • Asian stock markets stuttered in early trade on Tuesday as a selloff on Wall Street overnight rattled investors, with sentiment hurt by heightened uncertainty ‌over U.S. President Donald Trump’s tariff policy ​and rising geopolitical tensions. [MKTS/GLOB]

  • The State Department ​is pulling out non-essential government ​personnel and their eligible family members from the U.S. ‌embassy in Beirut, a senior State ​Department official said ​on Monday, amid growing concerns about the risk of a military conflict with Iran.

  • Spot silver fell 3.1% to $85.50 per ounce, after ​hitting a more than ‌two-week high on Monday.

  • Spot platinum lost 2.9% to $2,092.31 per ounce, ​while palladium shed 2.1% at $1,706.50.

DATA/EVENTS (GMT)

0745 France Business Climate Mfg, Overall Feb

1500 US Consumer Confidence Feb

(Reporting by ​Ishaan Arora; Editing by Subhranshu Sahu)

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