Globally, gold held steady on Friday after retreating from an all-time high in the previous session, Reuters reported. Gold added 0.2% to around $3,552 per ounce, retracing part of Thursday's 0.4% decline as the market steadied following a breathless, seven-day 6.3% rally to a record peak of $3,578.50 on Wednesday.

A climate of uncertainty and turmoil is pushing gold to reach new record highs, and some analysts expect gold and silver prices to continue to climb.

Experts cited heightened uncertainty around trade and monetary policy among the many factors fueling gold's recent rally.