Feb 23, 2026
positiveGold Surges Past $5,100 Per Ounce as Trade Chaos and Dollar Weakness Drive Safe-Haven Demand
Gold prices climbed above $5,100 per ounce on Monday as investors fled to safe-haven assets following President Trump's announcement of a 15% global tariff and the resulting uncertainty over the future of U.S. trade policy. The dollar fell against major currencies including the yen, euro, and Swiss franc, amplifying gold's move higher, while silver surged to approximately $85 per ounce. Mining stocks and precious metals ETFs rallied sharply, outperforming a broadly weaker equity market.





