On the 23rd local time, the market continued to digest the new round of tariff policies announced by the Trump administration and the economic data released by the United States last Friday. Investors are concerned that, against the backdrop of already significantly slowed economic growth, the new tariff measures will further cloud the U.S. economic outlook. Combined with uncertainties surrounding U.S.-Iran negotiations and Russia-Ukraine peace talks, safe-haven buying in the precious metals market has increased substantially. During Asian trading hours on the 23rd, international gold and silver prices rose significantly, with the price of gold approaching the key psychological level of $5,200 per ounce.

As of 9:35 Beijing time on the 23rd, London spot gold was quoted at $5,156.59 per ounce, up 1.13%, while spot silver was quoted at $87.447 per ounce, up 3.40%.

Meanwhile, the April gold futures contract on the COMEX was priced at $5,180.52 per ounce, an increase of 1.96%, and the March silver futures contract was priced at $87.195 per ounce, surging by 5.89%.