Market Turbulence Hits Gold Hard

The price of gold experienced a significant drop this Friday, continuing its downward trend. This decline comes as the market faces increased turbulence, largely due to the escalating trade crisis and recent threats made by US President Donald Trump against China's retaliatory tariffs.

Detailed Price Movements

By 1:36 pm ET, gold had decreased by 2.50%, selling for $2,962.06 per ounce. Meanwhile, silver saw a slight increase of 0.19%, reaching $19.70 per ounce. Platinum and palladium also faced declines, with platinum losing 1.67% to $912.09, and palladium dropping by 1.06% to $895.02 per ounce.