On February 20th, according to Bitget, spot gold experienced significant short-term volatility after the US Supreme Court's ruling on Trump's trade case, falling as much as $73 from $5063.96/oz to $4990.9/oz. It has since rebounded to $5052/oz, recovering approximately $61 from its low.
Analyst James Athey points out that the market seems unsure how to respond to the ruling. The biggest issue originally lay in the tariff refund process.
