Gold Prices Jump Ahead of Key Economic Events

In a significant surge, precious metals, especially gold, experienced notable gains on Monday. Spot gold skyrocketed by 2.5%, capturing the attention of investors worldwide. This movement comes as the market anticipates the Federal Reserve's upcoming decision and keeps a close watch on the ongoing trade tensions between the United States and China.

Detailed Metal Prices Movement

Gold led the charge with a 2.51% increase, reaching $3,318.59 per ounce by 8:29 am ET. Not far behind, silver appreciated by 1.25%, trading at $32.42 per ounce at 8:30 am ET. Meanwhile, palladium saw a modest rise of 0.70%, hitting $946.24 per ounce at the same time. In contrast, platinum remained stable at $965.22 per ounce as of 8:31 am ET.