Gold Reverses Course Amid Trade Tensions

In a surprising turn of events, gold prices jumped by 1.07% to $3,348.42 per ounce by 2:32 pm ET on Monday. This reversal came as investors' optimism regarding US-China trade relations waned, following Beijing's refutation of US President Donald Trump's claim of a call with Chinese President Xi Jinping.

Other Precious Metals Follow Suit

Not just gold, but other precious metals also saw an uptick. Silver rose by 0.22% to $33.15 per ounce, platinum grew by 1.38% to $991.00 per ounce, and palladium increased by 1.11% to $940.62 per ounce. All eyes are now on the upcoming jobs data reports to assess the impact of the White House's trade policies on the economy.