Gold Prices Break Records Amid US Jobs Data and Trade Tensions

In a remarkable turn of events, gold prices have surged to a new all-time high. This unprecedented rise comes in the wake of a weaker-than-expected jobs report from the United States, which has significantly bolstered the demand for safe-haven assets such as gold.

Furthermore, the ongoing trade disputes between the US and China have also played a pivotal role in influencing market dynamics. The potential imposition of tariffs by the US on Mexico and Canada, following the conclusion of a 30-day extension period, has added an extra layer of uncertainty to the global markets.

As of 10:49 am ET, gold was up by 1.01%, trading at $2,885.07 per ounce. Similarly, silver saw an increase of 0.97%, reaching $32.58 per ounce. Platinum also experienced a slight rise of 0.08%, trading at $990.06 per ounce. In contrast, palladium witnessed a decrease of 0.64%, selling for $965.04 per ounce at the same time.