Market Turbulence Hits Precious Metals

Amid escalating trade tensions and China's retaliatory 34% tariff on all goods, precious metals faced a significant downturn this Friday. The market's instability has investors closely monitoring the fluctuating prices of gold, silver, platinum, and palladium.

Gold and Silver Take a Hit

At 10:07 am ET, gold prices plummeted by 2.03%, trading at $3,053.63 per ounce. Shortly after, silver experienced a more drastic fall of 4.93%, with prices at $30.30 per ounce.

Platinum and Palladium Follow Suit

Not far behind, platinum saw a decrease of 2.29%, selling for $929.43 per ounce at the same time. By 10:10 am ET, palladium had also declined by 2.42%, trading at $901.20 per ounce.