Trade tensions flare up again, boosting international gold and silver prices due to risk aversion sentiment

GateNewsBot
Source: PANews

PANews February 23 News, driven by risk aversion sentiment in Asian early trading, gold and silver prices rose. On Saturday, Trump announced an increase in global tariff rates to 15% to replace several tariffs deemed illegal by the Supreme Court. ANZ Bank analysis 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.

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