Gold prices extended losses on Thursday in Asian trade, tumbling 0.5% to $3,273.19/oz after a U.S. court blocked President Trump's planned tariffs—boosting equities and the dollar while sapping demand for safe havens.

Tariff Reversal Powers Risk Assets, Pressures Gold

The U.S. Court of International Trade ruled Trump lacked authority under the IEEPA to impose sweeping tariffs, lifting market sentiment. With risk-driven assets rallying, gold—traditionally an insurance play—saw selling:

• Spot gold: -0.5% to $3,273.19

• August futures: -0.8% to $3,297.25

To track intraday gold moves and compare them with other commodities, the Commodities API delivers real-time pricing and historical data for gold, silver, crude oil, and more.

Dollar Resurgence and Profit-Taking Weigh on Bullion

A three-session dollar rebound compounded losses for bullion, driving the U.S. Dollar Index higher and further denting non-yielding assets. Profit-taking after last week's record highs added to the downward pressure.

Key upcoming events—like Fed speeches and tariff appeal hearings—that could sway gold sentiment are listed in the Economics Calendar API, so traders can anticipate volatility catalysts..