Feb 24 (Reuters) - Gold prices fell from a more than
three-week high on Tuesday, as pressure from a stronger dollar
outweighed support from U.S. tariff uncertainty and
Washington-Tehran tensions.
FUNDAMENTALS
* Spot gold ?fell 1.5% to $5,150.38 per ounce by ?0125
GMT after hitting a more than three-week high earlier in the
day.
* U.S. gold ?futures for April delivery were down
1.1% at $5,170.70.
* The dollar ?rose, making greenback-priced bullion more
expensive for other currency ?holders.
* U.S. ?President Donald Trump on Monday warned countries
against backing away from recently negotiated trade ?deals with
the U.S. after the ?Supreme Court struck down his emergency
tariffs, saying that if they did, he would hit them with ?much
higher duties under different trade ?laws.
* Federal ?Reserve Governor Christopher Waller said he was
open to leaving interest rates on hold at the March meeting if
upcoming ?February jobs data indicated the labour market had
"pivoted to ?a more solid footing" after a weak 2025.
* Markets currently expect three 25-basis-point rate cuts
this year, according to CME's FedWatch Tool.
* Asian stock markets stuttered in early trade on ?Tuesday ?as
a selloff on Wall Street overnight rattled investors, ?with
sentiment hurt by heightened uncertainty over U.S. President
Donald Trump's tariff ?policy and rising geopolitical tensions.
* The State Department is pulling out non-essential
government personnel and their eligible family members from the
U.S. embassy in Beirut, a senior State Department official said
on Monday, amid growing concerns about the risk of a military
conflict with Iran.
* Spot silver ?fell 3.1% to $85.50 per ounce, after
hitting a more than two-week high on Monday.
* Spot platinum lost 2.9% to $2,092.31 per ounce,
while ?palladium shed 2.1% at $1,706.50.
DATA/EVENTS (GMT)
0745 France Business Climate ?Mfg, Overall Feb
1500 US Consumer Confidence Feb
(Reporting by Ishaan Arora; ?Editing by Subhranshu Sahu)
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