Gold and Silver Hit Record Highs After Fresh Tariff Shock
Gold and silver prices surged to record highs as global markets reacted to new trade tensions.
Investors moved quickly toward safe-haven assets amid rising economic uncertainty.
Spot gold climbed over 1.5 percent to trade above 4,660 dollars per ounce.
Silver also jumped sharply and touched a new all-time high above 94 dollars per ounce.
Trump Tariff Threats Trigger Market Jitters
The rally followed fresh tariff threats from U.S. President Donald Trump.
He warned of new import duties on several European countries.
Trump said tariffs could begin at 10 percent from February 1.
He added that rates may rise to 25 percent by June if talks fail.
The announcement unsettled investors and weakened risk sentiment across markets.
Investors Rush to Safe-Haven Assets
Gold and silver benefited from strong demand for safer investments.
Traders also shifted money into traditional shelters like the Japanese yen and Swiss franc.
Precious metals often rise during geopolitical or trade uncertainty.
Investors see them as protection against market volatility and policy risk.
Global Stock Markets Decline
Equity markets across Europe and Asia fell following the tariff news.
Investors priced in slower economic growth and trade disruptions.
The U.S. dollar weakened, adding support to precious metals.
A softer dollar makes gold cheaper for international buyers.
Analysts Warn of Wider Economic Impact
Market analysts warned that prolonged trade tensions could damage global growth.
European leaders are reviewing possible responses if tariffs take effect.
Economists said supply chains may face pressure if trade barriers increase.
Businesses could delay investment amid prolonged uncertainty.
Focus Turns to Global Economic Talks
Attention now turns to upcoming global economic meetings.
Investors hope diplomatic talks will ease tensions and stabilize markets.
Until clarity emerges, demand for gold and silver is expected to remain strong.
Safe-haven assets continue to dominate during uncertain times.
