Gold Hits New All-Time High

Following a weaker-than-expected jobs report from the United States, the price of gold surged to a new all-time high. This increase is attributed to the 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, have further fueled market uncertainties, contributing to the rise in gold prices.

Market Movements

At 10:49 am ET, gold increased by 1.01%, selling for $2,885.07 per ounce. Silver also saw a rise of 0.97%, reaching $32.58 per ounce. Platinum added 0.08%, trading at $990.06 per ounce, while palladium experienced a slight drop of 0.64%, selling for $965.04 per ounce.