Gold Prices Hit Record High Amid Trade Uncertainties

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.

US-China Trade Conflict Intensifies

The trade dispute between the US and China has taken a turn for the worse, with Nvidia announcing a significant $5.5 billion loss due to US restrictions on chip exports to China. In retaliation, China has halted Boeing aircraft deliveries, escalating tensions further.

Market Reactions

At 3:50 am ET, gold was up by 2.19%, trading at $3,300.50 per ounce. Silver also saw gains, increasing 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%, selling at $957.83 per ounce.