Gold and Silver Prices React to Rising Trade Tensions
Gold and Silver Prices React to Rising Trade Tensions
Gold prices surged to a record high of $3,005 per ounce amid escalating trade tensions and geopolitical uncertainties.
Following aggressive U.S. tariffs, gold prices fell to a 3.5-week low, with spot gold slipping to $3,034.02 per ounce.
Silver is approaching a key resistance at $30.55, with current trading around $30.13 per ounce.
Despite global uncertainties, silver's momentum remains subdued, limiting significant price movements.
Recent U.S. tariffs have heightened fears of a global recession, prompting investors to seek safe-haven assets like gold and silver.
Increased demand for gold and silver reflects investor concerns over economic stability amid trade disputes.
