PANews reported on February 23 that gold and silver prices rose in early Asian trading, driven by risk aversion. President Trump announced on Saturday that he would raise global tariffs to 15% to replace several tariffs ruled illegal by the Supreme Court. ANZ analysts pointed out that this move exacerbated trade tensions and could further stimulate safe-haven buying, supporting higher gold and silver prices.
Gold rose 0.68% to $5,140, while silver rose 2.4% to $87.

