Gold Prices Hit New Peak

Following a disappointing US jobs report, gold prices surged to an unprecedented high, as investors turned to safe-haven assets. The weaker-than-expected employment data has fueled concerns over the US economic outlook, driving the demand for gold.

Impact of US-China Trade Tensions

Ongoing trade disputes between the United States and China have further unsettled the markets. The potential imposition of tariffs on Mexico and Canada, post the 30-day extension period, adds another layer of uncertainty, influencing market sentiments and investment strategies.

Market Movements

At 10:49 am ET, gold experienced a 1.01% increase, trading at $2,885.07 per ounce. Similarly, silver saw a 0.97% rise, priced at $32.58 per ounce. Platinum edged up by 0.08%, reaching $990.06 per ounce, whereas palladium declined by 0.64%, selling for $965.04 per ounce.