Gold and Silver Jump as Investors Chase Havens

Gold and Silver Jump as Investors Chase Havens

Gold and silver prices climbed Monday as investors turned toward haven assets as President Donald Trump ramped up tariff threats on the European Union and Mexico.

Gold futures rose 0.5% to $3,379 per ounce early in the day–and are now up more than 2% since the beginning of July. Silver futures were up 1.5% to $39.56 per ounce and have jumped more than 9% in the past two weeks. It’s the first time the metal has been above $39 since 2011.

Traders are trying to “seek shelter from a heady concoction of soaring debt and growing tariff concerns,” Rostro market analyst Joshua Mahony said.