Gold Prices Hit Record High

In a remarkable surge, gold prices have crossed the $3,300 mark, setting a new all-time high. This upward trajectory is largely attributed to the growing demand for safe-haven assets amidst ongoing concerns over US trade policies.

Trade Conflict Intensifies

The trade war between the US and China takes a darker turn as Nvidia faces a staggering $5.5 billion loss due to US restrictions on AI chip exports to China. In retaliation, China has ordered its airlines to stop accepting Boeing aircraft deliveries, further escalating tensions.

Market Reactions

At 3:50 am ET, gold was up by 2.19%, trading at $3,300.50 per ounce. Silver also saw an increase, rising by 1.69% to $32.86 per ounce. Meanwhile, platinum remained steady at $962.45 per ounce, and palladium experienced a slight decline of 0.12%, priced at $957.83 per ounce.