Gold Hits Record High as Investors Seek Safe Havens

In a remarkable surge, gold prices have reached an all-time high of $3,400, driven by growing concerns over the global economy. Investors are increasingly turning to gold as a safe-haven asset amidst the uncertainty.

Stock Markets Experience Turbulence

Meanwhile, the U.S. stock markets faced significant losses, with the Dow Jones plummeting by 1,100 points. The downturn reflects ongoing investor anxieties about the economic implications of tariff disputes.

Political Tensions Add to Economic Worries

Adding to the economic unease, President Donald Trump has criticized Federal Reserve Chair Jerome Powell, accusing him of lowering interest rates to benefit the Democratic party. This political tension further complicates the economic landscape.

Precious Metals Market Update

At 7:24 pm ET, gold was up by 0.33%, trading at $3,401.82 per ounce. Silver and platinum also saw gains, rising by 0.10% and 0.46% respectively, while palladium increased by 0.15%.