Global Trade Tensions Spark Safe-Haven Demand, Boosting Gold and Silver Prices

Renewed trade tensions have propelled gold and silver prices upward, driven by safe-haven sentiment in early Asian trading. The surge followed an announcement on Saturday by President Trump regarding a proposed 15% tariff increase on global goods, intended to replace previously invalidated tariffs. Analysts at ANZ Bank noted that this action intensifies trade friction, which could further stimulate demand for safe-haven assets and support rising gold and silver prices. Gold saw a 0.68% increase, reaching $5140, while silver climbed 2.4% to $87.

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