Gold Reaches New Peak Amid Trade Uncertainties

The price of gold has skyrocketed, setting a new record by surpassing the $3,230 mark. This surge reflects investors' growing preference for safe-haven assets as global trade tensions escalate.

US-China Trade War Intensifies

In a bold move, China announced an increase in tariffs on US products from 84% to 125%, signaling no signs of backing down in the ongoing trade dispute with the United States.

Precious Metals Market Reacts

Following the announcement, gold briefly hit $3,237.56 before settling at $3,230.11 per ounce, marking a 1.72% increase. Similarly, silver, platinum, and palladium also saw significant gains, with silver advancing by 0.83%, platinum jumping 1.06%, and palladium gaining 0.99%.