Gold Prices Hit Record High

Gold prices have surged past the $3,300 mark, setting a new all-time high as investors flock to safe-haven assets amidst growing concerns over US trade policies.

Trade Tensions Intensify

The ongoing trade conflict between the US and China has escalated, with Nvidia announcing a significant $5.5 billion charge due to US restrictions on chip exports to China. In retaliation, China has halted Boeing aircraft deliveries, responding to the US imposing steep tariffs on Chinese goods.

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, while platinum and palladium experienced minor fluctuations.