Gold Prices Hit Record Highs

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

Impact of Trade Tensions

Ongoing trade tensions between the US and China, along with the potential for new tariffs on Mexico and Canada, have further fueled market volatility. These factors have collectively contributed to the heightened interest in gold as a stable investment.

Market Movements

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%, reaching $32.58 per ounce. Platinum edged up by 0.08% to $990.06 per ounce, while palladium experienced a slight decline of 0.64%, selling for $965.04 per ounce.