Gold Reaches New Heights

In a dramatic turn of events, gold prices have surged to an all-time high. This unprecedented rise comes as investors flock to the safety of precious metals amidst growing concerns over escalating trade tensions.

Trump's Tariff Strategy

United States President Donald Trump has announced a series of aggressive tariffs, imposing a 25% duty on imports from Mexico and Canada, alongside a 10% tariff on Chinese goods. Trump's bold move has not only strained relations with these key trading partners but also raised the specter of a full-blown global trade war.

Market Reactions

As of 9:43 am ET, gold climbed by 0.68% to $2,818.46 per ounce, while silver saw a modest increase of 0.13% to $31.34 per ounce. Platinum, however, experienced a significant drop of 2.13%, trading at $963.97 per ounce. Palladium bucked the trend with a 1.72% rise, reaching $1,004.34 per ounce.