Analyst: Trump's tariff ruling is a short-lived bearish event; the gold bull market logic remains unchanged

PANews February 21st News, according to Jinshi reports, Walsh Trading’s head of the commercial hedging department, John Weyey, stated that the price movement of gold after the Supreme Court tariff ruling indicates that although gold seems to have lost a bullish factor, it still has sufficient upward momentum. Gold immediately fell sharply after the announcement, but the mainstream (bullish) market sentiment quickly regained dominance. Gold continues to rise relying on its own momentum, and many market participants will continue to adhere to this strategy until the market provides a bearish reason. Over the past six months, the reason market participants bought gold was simple: because it was rising. This is an unprecedented rally, and I believe the market will continue to buy. Even though the tariff ruling has eliminated some uncertainty, with other risks still present, gold will continue to rise.