Despite a recent dip in fuel costs, Americans are still projected to face the second-highest average gas prices ever recorded for the Fourth of July. GasBuddy’s latest forecast points to a costly holiday at the pump, underscoring the lingering strain on consumers’ budgets.

Gold and silver soared to record highs as President Donald Trump threatened fresh tariffs on eight European countries. Investors scrambled for safe-haven assets, forcing the dollar down by 4% against major currencies.

Gold notched a record high on Wednesday but dipped by 0.2% the following day, settling at $3,636.90 a troy ounce. Even so, it remained the fourth-highest close for the front-month contract, underscoring continued investor interest in the metal’s performance.