Silver Hits $53 — Up 3.4% in 24 Hours 
Gold prices climbed Thursday, driven by a weaker U.S. dollar and expectations of future interest rate cuts. Spot gold rose 0.4% to $3,327.42 per ounce, while U.S. gold futures gained 0.5%. The dollar’s pullback made gold more attractive to international buyers, and analysts suggest that Trump’s recent trade moves—like a 50% tariff on copper and new tariff notices to seven countries—are contributing to “dollar-negative” sentiment.
Markets reacted calmly to the new tariffs, with global stocks rising, indicating investor fatigue over trade headlines. Meanwhile, the Fed minutes showed most officials are cautious about cutting rates soon due to inflation concerns, though rate cuts later this year remain likely. Other precious metals also saw gains, with palladium up over 2%.
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