Gold Hits New High as Trade Worries Deepen

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

US-China Trade Conflict Intensifies

The trade dispute between the US and China takes a darker turn as Nvidia announces a $5.5 billion loss due to US restrictions on chip exports to China. In retaliation, China has ordered its airlines to stop accepting Boeing aircraft deliveries, following the US's imposition of 145% 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 a rise of 1.69% to $32.86 per ounce, while platinum remained stable at $962.45 per ounce. Palladium, however, experienced a slight decline of 0.12%, selling at $957.83 per ounce.