PRECIOUS-Gold rises as US tariff uncertainty lifts safe-haven demand

(Updates prices for Asia mid-session trade)

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Spot gold hit a three-week high in the previous session

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Later on Tuesday, bullion fell more than 1% on profit-taking

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U.S. starts collecting temporary new 10% global import tariff

By Ishaan Arora

Feb 25 (Reuters) - ?Gold prices climbed on Wednesday as investors flocked to ?the safe-haven metal during Asian trading, amid uncertainty over U.S. tariffs following the U.S. Supreme Court's ruling that ?struck down a swathe of President Donald Trump's measures.

Spot gold was up 0.7% ?at $5,181.95 per ounce, as of 0353 GMT. Bullion ended the ?previous session down ?more than 1% as investors locked in profits after gold hit a three-week high earlier in the day.

U.S. ?gold futures for April delivery were ?up 0.5% at $5,200.40.

"The return of the Chinese market, along with increased policy uncertainty in the United States, is maintaining the appeal of gold ?and, to an extent, silver ?as well," ?said Kyle Rodda, a senior market analyst at Capital.com. The United States began collecting a temporary 10% global import tariff on Tuesday, but Washington was working ?to raise it to 15%, a White House official said, sowing confusion ?over Trump's tariff policies after the Supreme Court's defeat last week. Meanwhile, two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.

Markets currently expect three 25-basis-point rate cuts this year, according to ?CME's FedWatch ?Tool.

"There's still ample room for further upside for gold ?here, especially if all the things driving gold prices higher, such as U.S. fiscal ?trade, foreign policy, continue to persist," Rodda added. Gold may stabilise around a support of $5,140 per ounce, and retest the resistance at $5,244, Reuters technical analyst Wang Tao said, adding that the immediate resistance is at $5,205; a break above may lead to a gain into the $5,221 to $5,244 range.

In geopolitics, Iran and the U.S. are set to hold a third round of nuclear ?talks on Thursday in Geneva, Oman's foreign minister, Badr Albusaidi, said.

Spot silver climbed 2.4% to $89.44 per ounce, after hitting a more than two-week high on Monday.

Spot platinum ?rose 3.1% to $2,234.75 per ounce, ?while palladium added 2.2% to $1,807.27. (Reporting by Ishaan Arora; Editing by ?Sherry Jacob-Phillips and Rashmi Aich)