Gold Hits Record High Amid Market Volatility and Tariff Adjustments

Gold prices surged past $3,500 for the first time in history, marking a 100% increase over the past three years. Analysts attribute the rally to escalating government deficits, persistent inflation, and a softening labor market.

US stock futures edged higher Thursday night following mixed trading sessions. Dow contracts ROSE 82 points (0.2%), mirroring gains in S&P 500 and Nasdaq 100 futures. The Dow ultimately closed down 224 points after swinging between a 305-point gain and 394-point loss during the session.

New tariffs introduced at midnight triggered market recalibrations. The TRUMP administration implemented 41% duties on Syria and 40% on Laos/Myanmar, while exempting US-based semiconductor manufacturers from chip import tariffs. The dollar strengthened on speculation about Federal Reserve leadership changes, with Governor Christopher Waller emerging as a potential nominee for Chair.