Gold Prices Reach Unprecedented Levels Amid Trade Tensions
On February 11, 2025, gold prices surged to historic highs, driven by heightened investor demand for safe-haven assets. This spike follows US President Donald Trump’s announcement of a 25% tariff on steel and aluminum imports, raising concerns over escalating trade tensions and the potential for increased inflation.
In immediate transactions, gold saw an increase of 0.36%, reaching $2,917.69 per ounce after hitting an intraday peak of $2,942.70. Additionally, US gold futures rose by 0.31%, settling at $2,943.60.
Price Movements of Precious Metals
- Gold: $2,917.69 per ounce (+0.36% from previous trading)
- Silver: $32.16 per ounce (+0.4% from previous trading)
- Platinum: $989.50 per ounce (-0.4% from previous trading)
- Palladium: $986.97 per ounce (+0.4% from previous trading)
These movements indicate a robust interest in precious metals as investors seek stability amidst economic uncertainty. The overall market response highlights the interconnectedness of global trade policies and commodity prices, emphasizing the vital role that geopolitical developments play in shaping investment strategies.
