President Donald Trump of the United States slapped a new 25% global tariff on all imports of steel and aluminum on Monday, which caused the price of gold to hit a new all-time high.
At 1:48 am ET, gold increased 1.12% to sell for $2,892.20 an ounce, while silver increased 0.60% to sell for $32.05 an ounce. Palladium had a 0.04% boost, selling for $963.47 at 1:55 am ET, while platinum saw a 0.30% increase, selling for $985.33 per ounce at 1:54 am ET.
