| 23 Feb 2026 14:32 | | Gold extends rally as tariff hikes and geopolitical risks lift safe-haven demand | | | Gold futures rose more than 1% to trade near $5,200 per ounce during mid electronic trading on Monday, extending gains for a fourth consecutive week as renewed trade tensions sparked a flight to safe-haven assets. Sentiment was driven by fresh tariff uncertainty after US President Donald Trump announced plans to raise global tariffs from 10% to 15%, following the US Supreme Court’s rejection of his reciprocal tariff proposal. The move weighed on the US dollar index, which slipped toward the 97 level, further supporting bullion prices. Gold also benefited from heightened geopolitical concerns surrounding stalled US–Iran nuclear talks, although negotiators are scheduled to meet again in Geneva later this week. Trading volumes are expected to rise as Chinese markets reopen after an extended holiday. Reflecting global strength, Multi Commodity Exchange of India gold futures for April 2 delivery climbed 1.5% to ₹159,272 per 10 grams.
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