Gold Leads Precious Metals Rally Ahead of Key Fed Decision

In a significant uptick, spot gold prices soared by 2.5% on Monday, as the market's focus shifts towards the upcoming Federal Reserve meeting and the ongoing US-China trade tensions. This movement underscores the metal's role as a safe haven during times of economic uncertainty.

Detailed Price Movements Across Precious Metals

At 8:29 am ET, gold was trading at $3,318.59 per ounce, marking a 2.51% increase. Not far behind, silver saw a 1.25% rise to $32.42 per ounce by 8:30 am ET, while palladium edged up by 0.70% to $946.24 per ounce. Platinum, however, remained stable at $965.22 per ounce as of 8:31 am ET.