The price of the yellow metal continued its rally on Friday, reaching a fresh all-time high of $3.080.
Investor appetite for the safe haven asset grew after United States President Donald Trump imposed tariffs on all vehicles not produced in the US, escalating the global trade war. Following his decision, Canadian Prime Minister Mark Carney vowed to impose retaliatory measures "that will have maximum impact in the United States."
Gold rose by 0.80% to go for $3,081,13 per ounce at 1:55 am ET. Meanwhile, silver fell by 0.30% to sell for $34.31 simultaneously. Platinum dropped by 0.20% and went for $986.19 per ounce, while palladium was flat, selling for $963.84 per ounce.
