Gold prices climbed 1% on Wednesday, as investors flocked to the safe-haven metal during Asian trading, weighing uncertainty over U.S. tariffs following the U.S. Supreme Court's ruling that struck down a swathe of President Donald Trump's measures.
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Spot gold was at $5,198 per ounce, as of 0534 GMT. Bullion ended the previous session down more than 1%, as investors locked in profits after gold hit a three-week high earlier in the day.
U.S. gold futures for April delivery were up 0.8% at $5,217.30.
The United States began collecting a temporary 10% global import tariff on Tuesday, but Washington was working to raise it to 15%, a White House official said, sowing confusion over Trump's tariff policies after the Supreme Court's defeat last week.
Meanwhile, two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.
Spot silver climbed 3% to $89.92 per ounce, a three-week high.
Spot platinum rose 3.6% to $2,244.85 per ounce, its highest point since February 5, while palladium added 2.4% to a three-week high of $1,811.37.
Reuters
