Gold Futures Hit Record High

Baystreet
2025.08.08 11:16
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Gold futures reached a record high on Friday, driven by U.S. tariffs on one-kilogram gold bar imports. December gold futures rose 0.9% to $3,484.10, peaking at $3,534.10. Spot gold decreased 0.3% to $3,386.30 but is up 0.7% for the week. The tariff news widened the price gap between New York futures and spot prices by over $100. Spot silver fell 0.6% to $38.09, while platinum increased 0.7% to $1,343.61 and palladium dropped 0.8% to $1,142.