Market Turmoil Intensifies

The selloff in precious metals deepened on Friday, as the escalating trade crisis fueled market turmoil. Gold and silver prices took significant hits, dropping over 3% and 7%, respectively.

China's Tariff Retaliation

Investor confidence was further rattled after China struck back with a sweeping 34% tariff on all US goods. This move intensified the downward spiral of precious metals prices.

Price Details

At 1:31 pm ET, gold slumped 3.13% to $3,018.57 per ounce, while silver crashed by 7.83% to $29.36 per ounce. Platinum and palladium also saw declines, with platinum plunging 3.17% to $920.72 and palladium decreasing by 2.04% to $904.85.