On February 23, driven by risk aversion sentiment in the Asian early trading session, gold and silver prices rose. On Saturday, Trump stated that he would raise the global tariff rate to 15% to replace several tariffs that were ruled illegal by the Supreme Court. ANZ Bank research analysts noted in a research report that Trump’s latest move has reignited trade tensions, which could stimulate safe-haven buying and support gold and silver prices. (Jinshi)
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Trade tensions flare up again, and risk aversion sentiment pushes international gold and silver prices higher
On February 23, driven by risk aversion sentiment in the Asian early trading session, gold and silver prices rose. On Saturday, Trump stated that he would raise the global tariff rate to 15% to replace several tariffs that were ruled illegal by the Supreme Court. ANZ Bank research analysts noted in a research report that Trump’s latest move has reignited trade tensions, which could stimulate safe-haven buying and support gold and silver prices. (Jinshi)