Gold Hits New All-Time High

Following a weaker-than-expected US jobs report, the price of gold surged to a new all-time high. This increase is attributed to a heightened demand for safe-haven assets amidst economic uncertainties.

Market Reactions to Trade Tensions

Ongoing trade tensions between the US and China, along with the potential imposition of tariffs on Mexico and Canada, have further fueled market uncertainties, contributing to the rise in gold prices.

Precious Metals Market Update

At 10:49 am ET, gold was up by 1.01%, trading at $2,885.07 per ounce. Silver also saw an increase of 0.97%, priced at $32.58 per ounce. Platinum edged up by 0.08% to $990.06 per ounce, while palladium experienced a slight decline of 0.64%, trading at $965.04 per ounce.