Precious metals traded with gains on Friday, with gold rising by more than 1% and hitting a new high after almost one month. The price of gold continued its rally, as investors anticipated how United States President-elect Donald Trump's policies might affect the economy, despite the latest US jobs report fueling expectations that the Federal Reserve will not reduce its key interest rates as drastically in 2025.
Gold gained 1.05% at 10:33 am ET and went for $2,697.69 per ounce, the best price since December 12. Silver rose by 1.48%, selling for $30.55 per ounce at 10:43 am ET. Platinum rose by 0.65% a minute later to sell for $967.39 per ounce and palladium grew by 2.30% at 10:45 am ET and sold for $934.99 per ounce.
