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By Rahul Paswan and Sarah Qureshi (GudangMovies21) - Gold prices continued to rise, reaching an all-time high on Friday as tensions escalated over the trade war after U.S. President Trump imposed new tariffs. Meanwhile, attention was also focused on the upcoming inflation data set for release later in the day. Bullion rose 0.6% to reach $3,075.77 an ounce by 11:08 AM Greenwich Mean Time, following an unprecedented peak of $3,086.21 earlier. The prices are set for their fourth consecutive weekly increase. U.S. gold futures increased by 0.1% to reach $3,081, following an intraday high of $3,124.4 earlier during the session. Ole Hansen, who leads commodity strategy at Saxo Bank, stated that "gold remains and will stay a long-term investment for buying and holding because of its capability to protect wealth and serve as an insurance policy during instability in other types of assets." "The market remains supported by strong haven demand amid tariff concerns...

The stock market remains largely unchanged following President Donald Trump’s most recent round of tariffs. In contrast, gold prices are shining brightly. Trump’s declaration of a 25% tariff on imported cars and automotive components is thrilling news for the metals market. On Thursday, gold values surged by 1.5%, adding $46 to reach $3,069 per ounce. This jump positions gold close to achieving record-breaking levels and marks its biggest single-day increase in price since March 18th. The S&P 500, having dropped approximately 1.1% on Wednesday before the statement was released, remained steady. Investors are concerned that the new tariffs might adversely affect the weakening U.S. economy and introduce additional geopolitical instability by straining relationships with trade allies. particularly those located in Europe and Asia , who might choose to seek revenge. The market’s anxiety is good news for gold, the classic investment haven, which was in a historic run-u...

By Anmol Choubey (GudangMovies21) - On Thursday, U.S. gold futures reached an all-time high as investors turned to this secure asset class amid rising global trade conflicts and falling stock markets after U.S. President Donald Trump declared additional tariffs on automobiles. U.S. gold futures increased by 1.1%, reaching $3,056.10, following an unprecedented peak of $3,065.50 during the trading session. Meanwhile, spot gold advanced to $3,047.89 per ounce at 09:10 a.m. ET (1310 GMT). Historically, gold has been viewed as a safeguard during times of economic and political instability and tends to perform well when interest rates are low. This year, gold spot prices have reached 16 new records, peaking at an unprecedented level of $3,057.21 on March 20th. "It seems we'll witness gold futures reach $3100 soon, primarily due to safe-haven buying," caused by uncertainties surrounding Trump's tariff proposals, explained Bob Haberkorn, senior market strategis...

Copper prices have reached all-time peaks in New York due to concerns over tariffs and increasing demand. A banking professional from Bank of America stated that the copper market is experiencing a supply crisis. Increasing expenditures on defense alongside the growth in electric vehicle manufacturing are poised to affect both the consumption and availability of copper. This year, gold has been hitting record levels above $3,000 per ounce — however, it isn’t the sole commodity experiencing strong interest. Copper is utilized in products ranging from computers to electrical cables, and traders have been purchasing it rapidly amidst the threat of trade tariffs being imposed. Demand has remained notably robust in New York, with copper reaching a peak on Wednesday of up to $5.374 per pound — exceeding $11,840 per metric ton. This surpasses the $5.20 per pound recorded last May and marks almost a 30% increase since January. Nevertheless, copper prices ...