Gold Prices Reach New Peak

In a remarkable turn of events, gold prices have surged to a new all-time high of $3,361.01, signaling a robust demand for safe-haven assets amidst ongoing global economic uncertainties. This resurgence comes after a brief dip last week, underscoring the volatile nature of the market.

Trade Wars and Economic Policies Fuel the Rally

The escalating trade tensions between the United States and China, marked by reciprocal tariffs, have kept investors on edge. U.S. President Donald Trump's firm stance on tariffs, coupled with his remarks on the strategic importance of gold, has further influenced market sentiments. Federal Reserve Chair Jerome Powell's concerns about the potential economic fallout from these tariffs have added to the market's apprehensions.

Precious Metals Market Update

At 9:54 pm ET, gold was up by 1.01%, trading at $3,361.01 per ounce. Shortly after, silver saw a modest increase of 0.25%, reaching $32.66 per ounce, while platinum edged up by 0.17% to $973.19 per ounce by 9:56 pm ET. Palladium remained stable at $946.07 per ounce.