Market

Gold Soars to Unprecedented Heights: Surpasses $3,200 Amid Global Trade Uncertainties

Gold Reaches Historic Peak

In a remarkable surge, gold prices have eclipsed the $3,200 mark, setting a new all-time high. This unprecedented rise is attributed to the ongoing uncertainties surrounding United States President Donald Trump's trade war, prompting investors to seek refuge in more stable assets.

Market Reactions

At 8:40 pm ET, gold witnessed a significant jump of 1.30%, reaching $3,218 per ounce. Meanwhile, silver remained steady at $31.21 per ounce by 8:51 pm ET. Platinum and palladium also saw gains, with platinum increasing by 0.66% to $942.50 per ounce and palladium edging up by 0.10% to $906.15 per ounce shortly after.