Silver rises on weaker USD, benefiting from safe-haven demand amid market volatility.
Gold prices (XAU/USD) surged to $2,944 on Thursday, maintaining a bullish trend as investors flocked to safe-haven assets amid escalating trade war fears. U.S. President Donald Trump's announcement of tariffs on imported goods has heightened market uncertainty, prompting investors to seek refuge in gold, known for its stability during economic volatility.
The ongoing trade tension is increasing demand for gold as a protective investment. Market analyst Tim Waterer noted, "Uncertain global trade outlooks are fueling safe-haven demand, bringing the $3,000 level within reach."