Gold Price Jumps to $5.200 After Trump Raises Tariff 15%

Jakarta, Pintu News – As of February 23, 2026, gold was trading at $5,202 (IDR 87,549,843) as of this writing, up 2.04% in 24 hours, after President Donald Trump escalated trade tensions by raising global tariffs to 15% over the weekend.

Prices touched a session high of $5,202 (IDR 87,553,209) and dipped to $5,098 (IDR 85,802,825) earlier in the day. This narrowed the gap to theall-time high of$5,591 (IDR 94,100,363), putting the precious metal less than 7% below its peak. Are we about to reclaim those levels too? Very likely.

Investors are flocking to safe-haven assets as uncertainty creeps into global markets. The US dollar weakened, which further strengthened gold’s upward momentum. Why is gold responding in this way?

Traders often turn tobullion when policy shocks muddy the outlook for equities, currencies and economic growth.

Supreme Court Ruling Sparks Trade Chaos

The rally in gold prices came following the Supreme Court’s historic ruling that struck down much of Trump’s tariff program enacted under the International Emergency Economic Powers Act (IEEPA). The ruling invalidated sweeping “reciprocal“tariffs targeting dozens of trading partners.

Read also: The Impact of Trump’s 10% Global Tariff on Bitcoin and Crypto Market: What to Know?

In response, Trump signed an executive order invoking Section 122 of the Trade Act of 1974. He initially imposed a 10% global tariff, then raised it to 15% within 24 hours. The authority allows for up to 150 days of tariffs before Congress must approve an extension.

US Customs and Border Protection (CBP) confirmed it will cease collection related to the IEEPA order starting Tuesday at 00:01 EST. Officials will deactivate the associated tariff codes, adding a new layer of complexity to trade enforcement. What will happen to the approximately $130 billion already collected under IEEPA? Market participants are still waiting for clarity.

Experts Warn of Market Disruptions

Market analysts described the situation as highly uncertain. Richard Hunter, head of markets at Interactive Investor, called this development an “incredible mess,” while noting that the ruling leaves unanswered questions regardingrefunds and future enforcement.

Russ Mould, investment director at AJ Bell, said that this shift is creating another “cliff edge” for governments around the world. Trade agreements negotiated under previous tariff assumptions now face review. Companies will have to reassess their supply chains, pricing models and inflation exposure.

This decision has far-reaching implications for consumers and businesses. Tariffs affect import costs, corporate margins and retail prices. Inflationary pressures remain a major concern as policymakers seek to balance economic growth and price stability.

Read also: Gold Price Today, Tuesday, February 24, 2026

Technical Indicators Signal Expansion Phase

Technically, gold has transitioned from consolidation to expansion phase on the 15-minute timeframe. The breakout above $5,180 (IDR 87,174,220) confirms the shift fromrange to directional strength. The current structure shows potential to reachhigher highs if the momentum continues.

The immediate resistance is at $5,220 (IDR 87,847,380), followed by $5,250 (IDR 88,352,250). Trading above $5,180 (IDR 87,174,220) will maintain the short-term bullish outlook. However, a move below $5,150 (IDR 86,669,350) could signal a return to the consolidation phase.

In the long term, some forecasts project a significant rise. CoinCodex estimates that the price of gold could reach $10,262 (IDR 172,699,198) by the end of 2026. The projection reflects expectations of continued macroeconomic support as well as strong demand for defensive assets.

As always, gold benefits from uncertainty. Trade policy shifts, legal disputes, and inflation concerns continue to shape market sentiment. Will the volatility last long enough to push gold bullion towards a new record?

Tariff developments, dollar movements, as well as the intensifying war on Iran are the main factors that will most likely soon push gold to new highs.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Gold Price Prediction Surges to $5,200 After 15% Trump Tariffs. Accessed on February 24, 2026