Gold Prices Reach Near Record Highs Amid Trade Tensions
On February 10, 2025, gold prices experienced an upward trajectory, approaching the record highs established in the previous trading session. This surge is largely attributed to investors gravitating towards gold as a safe haven in light of rising uncertainties following U.S. President Donald Trump’s recent announcement regarding the imposition of new customs duties.
In immediate trading, gold saw an increase of 0.63%, bringing the price to $2,878.28 per ounce. The commodity had previously hit an all-time high at $2,886.62 last Friday. Meanwhile, U.S. gold futures also rose, climbing 0.58% to reach $2,904.30.
Other precious metals showed mixed performance. Silver remained stable in immediate transactions at $31.82 per ounce. In contrast, platinum saw a slight decline of 0.3%, trading at $973.60, while palladium increased by 0.4%, with its price reaching $968.29.
In summary, as geopolitical tensions shape market dynamics, precious metals continue to provide a viable option for investors seeking stability amidst evolving economic landscapes.
| Metal | Price per Ounce ($) | Percentage Change (%) |
|---|---|---|
| Gold | 2,878.28 | +0.63 |
| Gold Futures | 2,904.30 | +0.58 |
| Silver | 31.82 | 0.00 |
| Platinum | 973.60 | -0.30 |
| Palladium | 968.29 | +0.40 |
