Gold prices saw a slight increase in early Thursday trading, hovering near the all-time high recorded in the previous session. The rise was fueled by growing concerns over escalating trade tensions between China and the United States, driving investors toward safe-haven assets

Meanwhile, market participants are eagerly awaiting U.S. employment data, which could provide further insight into the strength of the world's largest economy

Price Update

Spot gold edged up 0.1% to $2,867.79 per ounce as of 00:32 GMT, after hitting a record high of $2,882.16 in the previous session

U.S. gold futures, however, dipped 0.2% to $2,887.10 per ounce

Earlier this week, China imposed tariffs on U.S. goods in response to newly announced American tariffs, further intensifying the trade war between the two economic giants. U.S. President Donald Trump stated that he was in no rush to negotiate with Chinese President Xi Jinping to ease tensions

Gold is traditionally viewed as a safe investment during economic and geopolitical uncertainty. However, rising interest rates can diminish its appeal, as the metal does not yield interest

Investors are also closely watching the upcoming U.S. employment report, scheduled for release on Friday, which may offer additional clues about the overall strength of the economy

Other Precious Metals

 Silver rose 0.1% to $32.35 per ounce  

Platinum gained 0.2%, reaching $981.81 per ounce

   Palladium edged up 0.1% to $990.66 per ounce Gold’s recent surge highlights the ongoing uncertainty in global markets, particularly due to escalating trade tensions and economic shifts. While the metal remains a key safe-haven asset, its future trajectory will largely depend on developments in trade negotiations, interest rate policies, and economic indicators such as U.S. employment data. Investors will continue to monitor these factors closely to gauge the stability of financial markets in the coming weeks.