Gold Reaches New Heights

In an unprecedented surge, gold prices soared past the $3,000 mark for the first time ever on Friday. This remarkable milestone was achieved at 6:12 am ET, with gold trading at $3,000.82 per ounce, marking a 0.40% increase.

Market Trends and Influences

The steady climb of gold prices is attributed to a combination of factors, including uncertainties surrounding the Trump administration's trade policies and geopolitical tensions. These elements have driven investors towards safer assets. Additionally, the ongoing disinflationary process and declining interest rates are gradually boosting demand for gold.

Other Precious Metals Movement

While gold made headlines, other precious metals also experienced shifts. Silver saw a 0.35% increase, reaching $33.99 per ounce, and palladium grew by 0.26%, selling for $951.75. However, platinum faced a slight decline, dropping by 0.57% to $992.94 per ounce.