Silver Rises Over 120% YTD 
Gold prices are retreating from record highs this week, dropping 2.3% from Monday’s peak to trade near $2,880 an ounce, likely ending an eight-week rally that was the longest since 2020.
This pullback comes as US 10-year Treasury yields climbed above 1% on Thursday, reducing the relative attractiveness of non-interest-bearing gold.
Despite this correction, bullion continues to benefit from safe-haven demand driven by global market uncertainty surrounding President Trump’s tariff announcements, including a confirmed 25% levy on European Union imports and potential tariffs for Canada and Mexico pending a March 4 deadline.
New research suggests Trump’s planned tariffs on Chinese imports may have greater economic consequences for the US than official trade data indicates. Investors are now looking toward Friday’s release of the Federal Reserve’s preferred inflation measure for signals about future monetary policy direction.
