Gold Prices Surge Nearly 2%

New York, February 23 (QNA) – Gold prices surged nearly 2 percent to a three-week high on Monday, driven by a fresh wave of safe-haven demand amid uncertainty over US President Donald Trump’s tariff plans.

Spot gold climbed 1.8 percent to $5,198.72 per ounce, after earlier hitting its highest level since January 30.

US gold futures for April delivery also rose 2.7 percent to $5,219.

Among other precious metals, spot silver jumped 2.8 percent to $86.93 per ounce, its highest level in more than two weeks.

Spot platinum fell 1.5 percent to $2,123.86 per ounce, while palladium dropped 1.2 percent to $1,726.50 per ounce. (QNA)