Both precious metals hit all-time highs as investors pile into safe-haven assets amid Donald Trump’s threat of 100% tariffs on Canada and shutdown fears

Chris Weston, head of research at Pepperstone, said gold is increasingly a “hedge against Trump” and his “absolute unpredictability.”

Precious metal closes in on $5,000 and silver tops $100 as Trump’s shortlived tariffs threat sparks rush to safe havens