Market Turbulence Hits Precious Metals Hard

In a dramatic turn of events, the prices of precious metals took a significant hit this Friday, as the ongoing trade crisis escalates. The downturn was further exacerbated by China's latest move to impose a hefty 34% tariff on all goods, sending shockwaves through the market.

Gold, Silver, Platinum, and Palladium: A Closer Look at the Numbers

Gold saw a decrease of 2.03% at 10:07 am ET, trading at $3,053.63 per ounce. Not far behind, silver experienced a more severe crash, plummeting 4.93% just a minute later to $30.30 per ounce. Platinum wasn't spared either, with a 2.29% slump, exchanging for $929.43. Meanwhile, palladium decreased by 2.42% at 10:10 am ET, selling for $901.20.