Gold Hits Unprecedented Peak

In a historic surge, gold prices reached an all-time high of $3,168 on Thursday. This remarkable milestone was driven by investors seeking refuge in the safe-haven asset, as the dollar weakened and commercial tensions between Beijing and Washington intensified.

Trade Wars and Economic Indicators

US President Donald Trump escalated the trade conflict by imposing a 125% levy on Chinese products, a move that came shortly after China increased its tariffs on American goods to 84%. Meanwhile, unexpected declines in US consumer prices for March were reported, though inflationary pressures remain high in the wake of Trump's aggressive tariff policies.

Precious Metals Market Update

At 11:28 am ET, gold was up by 2.82%, trading at $3,168.25 per ounce. Silver and platinum also saw gains, with silver increasing by 0.33% to $31.13 per ounce and platinum adding 0.63% to $941.24 per ounce. Palladium improved slightly by 0.21%, reaching the same price point as platinum.