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Gold prices are now up to $5,192 and rocketing higher on global tariff uncertainty.
As noted earlier, President Trump unveiled 15% global tariffs after the U.S. Supreme Court struck down his reciprocal tariffs late last week.
In response, “The European Commission requests full clarity on the steps the United States intends to take following the recent Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA),” the Commission said in the statement.
“The current situation is not conducive to delivering ‘fair, balanced, and mutually beneficial’ transatlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025,” they added.
Until the situation cools off, gold could push even higher immediate term.
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With a reiterated buy rating, analysts at Bank of America lowered their price target on Dell (NYSE: DELL) to $135 from $150 ahead of earnings this week. The firm said, “Dell reports F4Q on 2/26 where impending memory headwinds will likely overshadow what should be a strong F4Q print,” as quoted by CNBC.
The major indices are swimming in red on tariff uncertainties.
The S&P 500 is down 0.34%, as the SPDR S&P 500 ETF (SPY) sinks 0.45%, or by $3.13. The Dow is down 0.81%, or by 402 points, as the Nasdaq sinks 0.39%, or by 90 points. All as markets digest the latest round of cartel violence in Mexico, and President Trump’s 15% global tariffs after the U.S. Supreme Court struck down his reciprocal tariffs late last week.
The Street Tried to Shrug Off Tariff Uncertainty
According to Trump, “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote in a post on Truth Social, as quoted by CNBC.
As a result, Europe warned that such tariffs could jeopardize U.S. trade deals.
In fact, according to a European Commission statement, “The European Commission requests full clarity on the steps the United States intends to take following the recent Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA). The current situation is not conducive to delivering ‘fair, balanced, and mutually beneficial’ transatlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025.”
With the uncertainty, gold prices are up to $5,168. Silver is nearing $88. Bitcoin is down about $1,965 to $65,654, which is great news for those who are short Bitcoin-related stocks.
Market Movers: UBS Upgrades CBRE on Overblown AI Fears
Analysts at UBS just upgraded CBRE (NYSE: CBRE) after the commercial real estate stock plunged on artificial intelligence fears. The firm upgraded CBRE to a buy with a price target of $185, noting, “While AI could have some impact over time, we believe CBRE is actually positioned to benefit given its strong industry position and vast data assets,” as quoted by CNBC.
As we near Nvidia’s (NASDAQ: NVDA | NVDA Price Prediction) earnings this week, JPMorgan reiterated an overweight rating on the tech giant. The firm added, “We are clearly in an environment of elevated expectations heading into NVDA’s F4Q26 (Jan-Qtr) print, considering the stock has basically moved sideways since the F3Q26 print despite a slew of positive/favorable developments,” as quoted by CNBC.
Analysts at Evercore ISI just reiterated an outperform rating on Apple (NASDAQ: AAPL). The firm said, “With hyperscaler capex guidance continuing to stretch higher, we believe investors are placing greater scrutiny on cash generation and capital return, especially as debt financing becomes a bigger source of funds for data center infrastructure. We continue to favor assets that are less capital-intensive and maintain durable free cash flow generation, such as AAPL.”
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