Gold Soars to Historic Highs

In a remarkable surge, gold prices climbed to an all-time high of $3,168 on Thursday. This unprecedented peak comes as investors increasingly turn to gold as a safe-haven asset amidst a weakening dollar and escalating trade tensions between Beijing and Washington.

Trade Tensions Fuel Market Volatility

The economic landscape has been further complicated by recent actions from US President Donald Trump, who imposed a 125% levy on Chinese products. This move followed China's decision to increase tariffs on American goods to 84%, marking a significant escalation in the ongoing trade dispute.

Market Reactions and Precious Metals Performance

By 11:28 am ET, gold had gained 2.82%, reaching $3,168.25 per ounce. Silver and platinum also saw increases, with silver rising by 0.33% to $31.13 per ounce and platinum adding 0.63% to $941.24 per ounce. Palladium improved slightly by 0.21%, matching platinum's price point.