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Precious metals prices surge as US trade tensions escalate

Gold and silver prices surged as trade tensions escalated following tariff announcements. Safe-haven demand pushed gold to record highs amid global uncertainty.

Insights:
Gold (spot) and Silver (spot) prices experienced significant surges today as investors reacted to escalating trade tensions and geopolitical uncertainty. The rally was primarily driven by an announcement from Donald Trump donald trump, the president of the US USUS, regarding new tariffs on South Korean KRKRimports and additional tariff threats directed at Canada CACA.
People look at gold jewelry while standing outside a jewelry shop at the Grand Bazaar in Istanbul, Turkey, on January 26, 2026. REUTERS/Kemal Aslan
People look at gold jewelry while standing outside a jewelry shop at the Grand Bazaar in Istanbul, Turkey, on January 26, 2026. REUTERS/Kemal Aslan
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