Gold Reaches Historic High

In a remarkable turn of events, gold prices have surged past the $3,500 mark, setting a new all-time high. This unprecedented rally in precious metals has captured the attention of investors worldwide.

Political Comments Stir the Market

United States President Donald Trump criticized Fed Chair Jerome Powell, accusing him of delaying interest rate cuts except when it benefited former President Joe Biden and Vice President Kamala Harris during elections. These remarks have reportedly fueled investor anxiety, driving a shift towards safer assets like gold.

Precious Metals on the Rise

At 2:17 pm ET, gold experienced a 2.41% increase, trading at $3,507.70 per ounce. Silver wasn't far behind, with a 0.95% rise to $32.83 per ounce. Platinum and palladium also saw gains, advancing by 1.20% and 1.49% respectively, to $978.70 and $945 per ounce.