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.