Market

Gold Soars to Unprecedented $3,107 Amid Trump's Tariff Announcements

Gold Reaches Historic High

In a remarkable surge, gold prices have eclipsed the $3,100 mark for the first time in history. This milestone comes just ahead of the implementation of reciprocal tariffs by United States President Donald Trump, scheduled for Wednesday. Trump has provocatively labeled April 2 as "Liberation Day" for the US, indicating a broad application of these tariffs across all nations.

Precious Metals Market Update

At 10:35 pm ET, gold was observed gaining 0.76%, trading at $3,107 per ounce. Not far behind, silver saw a 0.51% increase, priced at $34.27 per ounce by 10:38 pm ET. Platinum and palladium also enjoyed modest gains, with platinum adding 0.34% to $989.01 and palladium improving by 0.25% to $963.61 per ounce by 10:39 pm ET.