Gold Prices Surge

On Friday, the precious metals market witnessed significant gains, with gold prices climbing over 1% to reach their highest point in nearly a month. This surge continued the metal's impressive rally, as investors closely monitored the potential economic impacts of United States President-elect Donald Trump's policies. Despite a strong US jobs report suggesting the Federal Reserve might not drastically cut key interest rates in 2025, gold's appeal remained undiminished.

Market Movements

By 10:33 am ET, gold had increased by 1.05%, trading at $2,697.69 per ounce, marking its best price since December 12. Silver wasn't far behind, with a 1.48% rise to $30.55 per ounce by 10:43 am ET. Platinum also saw gains, rising 0.65% to $967.39 per ounce shortly after, and palladium experienced a notable 2.30% increase, selling for $934.99 per ounce by 10:45 am ET.