Gold and Silver Face Profit-Taking Pressure Following Trump's Tariff Decision

Trump's Impact and Profit-Taking in Commodity Markets U.S.
President Donald Trump's decision to increase global tariffs from 10 percent to 15 percent has led to sharp fluctuations in commodity markets.
While precious metals initially recorded gains following the announcement, they later reversed those gains as investors turned toward profit-taking.
The market's repricing of tariff risks has increased the pressure on both gold and silver.
Analysts suggest that the volatility is primarily driven by uncertainty surrounding global trade policies.
Sharp Decline in Silver Prices Among precious metals, the most significant decline was observed in silver.
Losing more than 2 percent on an ounce basis, silver also saw a drop in local markets.
After rising following Trump's tariff threats, gram silver retreated to the level of 123 lira following the latest wave of selling.
Geopolitical Risks and Market Expectations In addition to trade wars, markets are closely monitoring geopolitical developments.
News regarding potential U.S.
moves toward Iran remains a key factor influencing investor risk appetite.