Trump's tariff flip-flopping ignites risk aversion sentiment, with gold strongly rebounding above $5,200.

LootboxPhobia · 2026-02-24T04:08:21+00:00

Affected by the uncertainty of U.S. tariff policies, the precious metals market started the week strongly, with gold futures prices surpassing $5200 and silver also breaking through $85. Trump's tariff policies have raised concerns about supply chain disruptions and weak global demand, prompting investors to shift toward safe-haven assets. Gold and silver futures prices on the New York Mercantile Exchange both hit recent highs.

LootboxPhobia

2026-02-24 04:08:21

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According to Cailian Press, driven by safe-haven buying triggered by uncertainty in U.S. tariff policies, the precious metals market experienced a strong start on Monday. Gold futures rose above $5,200 per ounce, and silver broke through $85 per ounce, continuing the previous upward momentum.

Last Friday, the U.S. Supreme Court rejected the tariff policy implemented by President Trump based on emergency powers. In response, Trump immediately announced a comprehensive 10% tariff on global imports within up to 150 days, and on Saturday, he increased the rate to 15%.

This ruling also cast a shadow over agreements reached between the U.S. and major trading partners. The European Union postponed its second vote on the trade agreement with the U.S. to await further clarity; Indian officials also delayed their trip to the U.S.

“Trump’s rapid policy shifts have reignited concerns about retaliatory measures, supply chain disruptions, and weakening global demand. These factors traditionally benefit non-interest-bearing safe-haven assets like gold,” said David Morrison, senior market analyst at Trade Nation, in a report.

“With uncertainty surrounding Trump’s tariff trade policies spreading, we expect gold prices to hit new record highs,” wrote Peter Cardillo of Spartan Capital Securities.

Meanwhile, ongoing uncertainties in U.S.-Iran negotiations continue to keep markets tense and support investor demand for safe-haven assets like precious metals.

Trading data shows that gold futures for February delivery on the New York Mercantile Exchange closed up 2.9% on Monday, at $5,204.70 per ounce; February silver futures rose 5.1%, to $86.523 per ounce. Both settlement prices reached their highest levels since January 29.

Related ETFs include SPDR Gold Shares (GLD.US), VanEck Gold Miners ETF (GDX.US), and VanEck Junior Gold Miners ETF (GDXJ.US).

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