Ammon News - Gold prices slipped on Thursday to their lowest levels in more than a week after a U.S. federal court blocked President Donald Trump's "reciprocal tariffs", dampening the metal's safe-haven allure, while a robust dollar put further pressure on bullion.

Spot gold was down 0.6% at $3,271.17 an ounce, as of 0618 GMT, after hitting its lowest since May 20.

U.S. gold futures dropped 0.8% to $3,268.20.

A U.S. trade court on Wednesday halted the enforcement of Trump's tariffs, ruling the president exceeded his authority by imposing universal duties on imports from nations with a trade surplus with the United States.

Following the trade court's ruling, the U.S. dollar index rallied, making greenback-priced gold more expensive, with Wall Street futures and Asian equities also climbing.

Meanwhile, the Trump administration filed a notice of appeal, challenging the court's authority and signalling a potential escalation to the Supreme Court if necessary.

Elsewhere, spot silver rose 0.7% to $33.21 an ounce, platinum was down 0.2% at $1,073.15 and palladium edged 0.9% higher to $971.57. Reuters