Gold and silver prices surged to record highs, driven by increased investor demand for safe-haven assets amid global economic uncertainties. The S&P 500 index also approached a new all-time high, reflecting optimism in equity markets. Meanwhile, geopolitical developments such as Canada's withdrawal from a China trade deal and India-EU trade agreement added volatility to global markets. Trump's threat of 25% tariffs on South Korea further heightened trade tensions, impacting investor sentiment.