Market Turmoil Intensifies

The selloff in precious metals deepened on Friday as market turmoil intensified, fueled by the escalating trade crisis. Gold and silver saw significant drops, with gold dipping over 3% and silver crashing by 7%.

China's Retaliatory Tariffs

Prices continued their downward spiral after China struck back with a sweeping 34% tariff on all goods, further rattling investor confidence.

Price Details

Gold slumped 3.13% at 1:31 pm ET to go for $3,018.57 per ounce. Meanwhile, silver crashed by 7.83% at the same time to change hands for $29.36 per ounce. Platinum plunged 3.17% at 1:35 pm ET, exchanging for $920.72, while palladium decreased by 2.04%, selling for $904.85.