Precious Metals Rally Ahead of Fed's Announcement

In a significant uptick, gold prices surged by more than 1% on Tuesday, extending its rally from the previous day. This movement comes as investors globally are on edge, awaiting the Federal Reserve's upcoming decision on key interest rates, scheduled for announcement tomorrow.

Safe Havens Gain Amid Market Uncertainty

The allure of safer investments has been magnified by the ongoing uncertainty surrounding United States President Donald Trump's trade policies, which continue to unsettle the markets. This has led to a notable shift towards precious metals as a hedge against potential volatility.

Detailed Price Movements

At 3:26 am ET, gold was trading at $3,375.21 per ounce, marking a 1.25% increase. Not far behind, silver saw a 1.96% rise to $33.13 per ounce by 3:27 am ET. Platinum also enjoyed gains, up by 1.58% to $979.31 per ounce, while palladium edged up by 0.35% to $935.62 per ounce by 3:28 am ET.