Gold Reaches Historic Peak Over $3,380 Per Ounce

In a remarkable surge, gold prices have climbed to an all-time high, surpassing $3,380 per ounce, as investors flock to safe-haven assets amidst escalating US-China trade war concerns.

Precious Metals Market Reacts to Global Economic Uncertainties

Spot gold witnessed a significant increase of 1.58%, reaching $3,380.11 per ounce by 8:04 am ET. Similarly, silver and platinum saw appreciable gains, with silver rising by 0.93% to $32.88 and platinum increasing by 0.67% to $977.98 per ounce at the same time. Palladium, however, remained stable at $945.27 per ounce.

Market analysts attribute this surge to the ongoing trade tensions between the United States and China, which have prompted investors to seek refuge in precious metals as a hedge against economic instability.