Gold Prices Rebound Amid Economic Uncertainties

After a recent slump, gold prices have seen a significant rebound, rising by 1.01% to $3,012.67 per ounce. This surge is attributed to growing investor concerns over a potential global recession and the escalating tensions surrounding international tariffs.

Investors Anticipate Global Responses to US Tariffs

Market participants are closely watching for responses from Europe and China to the latest tariff threats by US President Donald Trump. These developments have heightened market uncertainty, driving investors towards safe-haven assets like gold and silver.

Precious Metals Market Overview

Alongside gold, other precious metals also experienced gains. Silver climbed by 0.23% to $30.19 per ounce, platinum jumped by 1.41% to $929.66 per ounce, and palladium advanced by 1.35% to $909.07 per ounce, reflecting a broad-based shift towards safety among investors.