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Trade tensions flare up again, and risk aversion sentiment pushes international gold and silver prices higher
Odaily Planet Daily reports that driven by risk aversion sentiment in Asian morning trading, gold and silver prices have risen. President Trump stated on Saturday that he will raise the global tariff rate to 15% to replace several tariffs that were ruled illegal by the Supreme Court. In a research report, ANZ Bank analysts noted that Trump’s latest move has reignited trade tensions, which could stimulate safe-haven buying and support gold and silver prices.