What the Trump-Supreme Court showdown means for precious metals traders In a watershed moment for U.S. trade policy...

Kitco commentary ties a Supreme Court ruling striking down Trump emergency tariffs to a potential regime shift in U.S. trade policy uncertainty—relevant for gold via risk sentiment, USD, and inflation expectations. Reduced tariff risk could be marginally gold-negative if it dampens stagflation fears, but ongoing executive–judicial friction can keep policy uncertainty elevated (supportive for safe-haven allocation). Watch market reaction in USD rates/real yields and any follow-on legislative or executive attempts to re-impose tariffs through alternative authorities. Trade framing: gold sensitivity hinges on whether the ruling lowers inflation risk (bearish) versus increases political uncertainty (bullish).