Gold Prices Rebound Amid Economic Uncertainties

Investors are flocking to gold as a safe-haven asset, driving prices up by 1.01% to $3,012.67 per ounce, in response to growing fears of a global recession and the looming threat of new tariffs by the United States. This marks a partial recovery from the previous day's losses, as the market braces for potential retaliatory measures from Europe and China.

Silver, Platinum, and Palladium Also See Gains

Not just gold, but other precious metals are also experiencing upticks. Silver prices climbed by 0.23% to $30.19 per ounce, while platinum and palladium saw more significant jumps of 1.41% and 1.35%, respectively, reflecting the broad-based demand for safe-haven assets in these uncertain times.

Market watchers are closely monitoring the situation, as the global economy stands at a crossroads with the upcoming tariff implementations and the international community's responses.