Precious Metals Gain as Market Awaits Federal Reserve's Decision

Investors turned their attention to the precious metals market on Monday, with spot gold leading the charge by surging 2.5%. The anticipation of the Federal Reserve's upcoming decision and ongoing developments in the US-China trade war fueled the rally.

Detailed Price Movements

At 8:29 am ET, gold prices jumped 2.51% to $3,318.59 per ounce. Following closely, silver saw a 1.25% increase to $32.42 per ounce by 8:30 am ET. Palladium also edged higher, adding 0.70% to reach $946.24 per ounce at the same time. Platinum, however, remained stable at $965.22 per ounce as of 8:31 am ET.