Gold Hits New All-Time High

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

Impact of Trade Tensions

Ongoing trade tensions between the US and China, along with the potential imposition of tariffs on Mexico and Canada after a 30-day extension period, have further fueled market volatility and investor anxiety.

Market Movements

At 10:49 am ET, gold prices rose by 1.01%, reaching $2,885.07 per ounce. Similarly, silver saw an increase of 0.97%, trading at $32.58 per ounce. Platinum also experienced a slight rise of 0.08%, selling for $990.06 per ounce. Conversely, palladium prices fell by 0.64%, trading at $965.04 per ounce.