Gold price prediction today: Will gold prices continue their uptrend?
Times of India
by TOI BUSINESS DESKFebruary 24, 2026
AI-Generated Deep Dive Summary
Gold prices have shown significant gains recently, driven by a weaker US dollar and ongoing geopolitical tensions. According to Praveen Singh, Senior Fundamental Research Analyst at Mirae Asset Sharekhan, the persistent weakness of the US dollar is a key factor supporting the upward trend in gold prices. The article highlights that gold's performance in the week ending February 20 was strong, with spot gold closing nearly 1.2% higher at $5104 and MCX Gold April futures reaching Rs 160,342, up by 2.21%. This upward movement is expected to continue if the US dollar remains weak.
The article also delves into the impact of the US Supreme Court's (SCOTUS) ruling on tariffs. The court ruled that President Trump exceeded his authority in imposing certain tariffs, leading to a new 15% global tariff under Section 122 of the 1974 Trade Act. This decision has introduced uncertainty into international trade relations, particularly concerning the US-EU deal. The European Union has expressed concerns about whether the new tariffs will supersede existing agreements, creating potential economic and geopolitical risks that could further influence gold prices as investors seek safe-haven assets.
Economic data from the US and Germany also played a role in shaping market sentiment. While some US economic indicators showed signs of improvement, such as the Chicago Fed National Index and durable goods orders, the 4Q advance GDP growth rate fell short of expectations at 1.4%, down from Q3's 4.4% growth. This underperformance was attributed to reduced government spending during the shutdown. Meanwhile, Germany's Ifo business climate index rose slightly, reflecting a stronger economic outlook in the region. Inflation metrics were notably hotter than anticipated, with
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Originally published on Times of India on 2/24/2026