Gold price have rallied more than 70 per cent since Trump began his second term a year ago. Gold rate jumped past $4,700 per ounce for the first time today. Spot gold on Tuesday gained 1 per cent to $4,717.03 per ounce, having hit an all-time high of $4,721.91 earlier. U.S. gold futures for February delivery climbed 2.8 per cent to $4,722.70 per ounce.
Silver Price Today
Silver price too traded near a record high, as U.S. President Donald Trump's threats to slap extra tariffs on European allies soured global sentiment and sparked a rush into safe-haven assets. Spot silver fell 0.5 per cent to $94.23 an ounce, after hitting a record high of $94.72 earlier in the session. Silver has catapulted more than 200 per cent since President Trump's return to the White House.
"Trump's 'disruptive' policy approach to international affairs and desire to see lower interest rates suit precious metals very well, as reflected by gold and silver's rampant run," said Tim Waterer, KCM Trade's chief market analyst.
"Trump's second term thus far has been a boon for precious metals, with his unconventional approach to politics playing into the hands of gold and silver."
Kelvin Wong, a senior market analyst at OANDA, said gold also found support as the dollar weakened, while there's still a possibility the European Union will issue non-tariff measures where European sovereign funds could to use the opportunity to offload U.S.-based assets.
The dollar retreated to its lowest level in a week as tariff threats triggered a broad selloff across U.S. stocks and government bonds.
Investors flocked to safe havens like gold and the Swiss franc as they fear a return to the volatility of 2025's trade war, which only eased when the sides reached tariff deals in the middle of the year.
"Precious metals are expected to remain the clearest expression of the prevailing defensive mood in markets until a negotiation path become clearer," said Ahmad Assiri, research strategist at Pepperstone.
Among other precious metals, spot platinum rose 0.6 per cent to $2,387.55 an ounce, while palladium added 0.2 per cent to $1,845.75.
Q1. What are current silver prices?
A1. Spot silver fell 0.5 per cent to $94.23 an ounce, after hitting a record high of $94.72 earlier in the session. Silver has catapulted more than 200 per cent since President Donald Trump's return to the White House.
Q2. What are current platinum and palladium prices?
A2. Among other precious metals, spot platinum rose 0.6 per cent to $2,387.55 an ounce, while palladium added 0.2 per cent to $1,845.75.
Silver Price Today
Silver price too traded near a record high, as U.S. President Donald Trump's threats to slap extra tariffs on European allies soured global sentiment and sparked a rush into safe-haven assets. Spot silver fell 0.5 per cent to $94.23 an ounce, after hitting a record high of $94.72 earlier in the session. Silver has catapulted more than 200 per cent since President Trump's return to the White House.
Gold Rate Prediction
"Trump's 'disruptive' policy approach to international affairs and desire to see lower interest rates suit precious metals very well, as reflected by gold and silver's rampant run," said Tim Waterer, KCM Trade's chief market analyst.
"Trump's second term thus far has been a boon for precious metals, with his unconventional approach to politics playing into the hands of gold and silver."
Kelvin Wong, a senior market analyst at OANDA, said gold also found support as the dollar weakened, while there's still a possibility the European Union will issue non-tariff measures where European sovereign funds could to use the opportunity to offload U.S.-based assets.
The dollar retreated to its lowest level in a week as tariff threats triggered a broad selloff across U.S. stocks and government bonds.
Investors flocked to safe havens like gold and the Swiss franc as they fear a return to the volatility of 2025's trade war, which only eased when the sides reached tariff deals in the middle of the year.
"Precious metals are expected to remain the clearest expression of the prevailing defensive mood in markets until a negotiation path become clearer," said Ahmad Assiri, research strategist at Pepperstone.
Among other precious metals, spot platinum rose 0.6 per cent to $2,387.55 an ounce, while palladium added 0.2 per cent to $1,845.75.
FAQs
Q1. What are current silver prices?
A1. Spot silver fell 0.5 per cent to $94.23 an ounce, after hitting a record high of $94.72 earlier in the session. Silver has catapulted more than 200 per cent since President Donald Trump's return to the White House.
Q2. What are current platinum and palladium prices?
A2. Among other precious metals, spot platinum rose 0.6 per cent to $2,387.55 an ounce, while palladium added 0.2 per cent to $1,845.75.
