Gold tops $5,200 and Silver tops $90 amid trade policy uncertainty.

Gold futures moved above 5,200 an ounce while Silver futures climbed past 90 as market participants monitored U.S. import tariffs and geopolitical developments. Investors turned toward hard assets amid concerns regarding sovereign debt and potential currency depreciation. In the rates sector, expectations for a 25 bps reduction by the Federal Reserve remained low for the March meeting, with markets more fully pricing in a move by September. Meanwhile, Copper futures and other industrial metals rallied for a second session. This move followed the reopening of Chinese markets after the Lunar New Year and adjustments to U.S. trade policy and import duties.