Gold prices hit an all-time high on Tuesday amid expectations of an interest rate cut and growing uncertainty related to tariffs.
Spot gold hit a new high of around $3,508 per ounce in early trading on Tuesday, breaking the previous high of roughly $3,500 set on April 22. The precious metal was trading at $3,484 as of 6:45 a.m. EDT, up by 0.22 percent from the previous day.
As for silver, spot prices broke through the $40 per ounce level on Monday for the first time in 14 years to hit $41.24, the highest level since September 2011. On Tuesday, spot prices were trading at around $40.50, down 0.5 percent for the day….