Gold price today, Tuesday, February 24: Gold opens above $5,200 on economic, geopolitical uncertainty

Gold (GC=F) April futures opened at $5,247.50 per troy ounce on Tuesday, 0.4% higher than Monday’s closing price of $5,225.60. Gold has not opened above $5,200 since Jan. 30. Uncertainty over U.S. tariffs and tensions in the Middle East have fueled gold demand this week. The Supreme Court struck down many of President Trump’s tariffs last Friday, prompting the announcement of new levies supported by a different statute. That 10% tariff went into effect on Tuesday, but it can only remain in place for 150 ...