Commodities wrap: gold, silver hits record high; copper surges 3%

Core Insights - Gold and silver prices reached new record highs due to increased safe-haven demand following US President Donald Trump's tariff threats against China [1] - Oil prices also experienced fluctuations in response to the geopolitical tensions [1] Gold and Silver Market - The surge in gold and silver prices indicates a strong market reaction to economic uncertainty and trade tensions [1] - Investors are increasingly turning to precious metals as a protective measure against potential market volatility [1] Oil Market - Oil prices are affected by the same geopolitical factors, reflecting broader market concerns about trade relations and economic stability [1] - The fluctuations in oil prices suggest a potential impact on energy sector investments and related industries [1]