Gold Hits Record High as Investors Seek Safety

In a remarkable surge, gold prices have climbed to a new all-time high of $3,060 per ounce. This historic peak comes as investors increasingly turn to gold as a safe haven asset, amidst escalating global trade tensions following recent U.S. auto tariffs imposed by President Donald Trump.

Market Reactions and Precious Metals Performance

At 8:11 pm ET, gold was up by 0.11%, trading at $3,060.00 per ounce. Meanwhile, silver remained stable at $34.42 per ounce. Platinum and palladium also saw modest gains, with platinum adding 0.06% to $988.71 and palladium improving by 0.07% to $964.96 per ounce by 8:18 pm ET.

Global Criticism Fuels Market Uncertainty

The decision to impose tariffs has drawn international criticism, further fueling trade tensions and market uncertainty. Investors are closely watching the developments, as the implications for global trade and economic stability remain uncertain.