Trade tensions rise again, safe-haven sentiment pushes up international gold and silver prices
PANews reported on February 23 that driven by risk-off sentiment in the Asian morning session, gold and silver prices rose. On Saturday, Trump announced an increase in the global tariff rate to 15% to replace several tariffs that were ruled illegal by the Supreme Court. Analysts at ANZ Bank pointed out that this move has intensified trade tensions and may further stimulate safe-haven buying, supporting higher gold and silver prices.
Gold rose 0.68% to $5,140, and silver increased 2.4% to $87.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After Jensen Huang stepped down, Nvidia (NVDA.US) shares plunged; retail investors bought up $111 million within half an hour of the market opening.
Retail investors are still betting on a rebound in NVIDIA (NVDA.US) stock price.
UBS raises Target's price target to $205
Bitcoin falls below $68,000, ETH drops below $1,900
Japan’s Takaichi says in close contact with US financial authorities on currency market
Crypto prices
More
