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Trade tensions flare up again, and risk aversion sentiment pushes international gold and silver prices higher
Deep Tide TechFlow News, February 23 — According to Jinshi Data, driven by risk aversion sentiment in Asian early trading, gold and silver prices rose. President Trump stated on Saturday that he will raise the global tariff rate to 15% to replace multiple 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.