Gold and Silver Rally as Donald Trump Tariff Policies Fuel Safe-Haven Demand
The precious metals market is experiencing a significant upswing, with gold and silver prices surging amid renewed safe-haven buying. On February 23, 2026, gold hit $2,450 per ounce, up 5% week-over-week, while silver climbed to $32, marking a 7% gain. This rally is largely attributed to President Donald Trump's aggressive tariff policies, reintroduced after his 2024 reelection, which are stoking fears of global trade wars.
Trump's administration has imposed 25% tariffs on imports from China and the EU, aiming to bols