Precious Metals Gain as Market Anticipates Fed's Move

Investors turned to safer assets on Tuesday, driving up the prices of precious metals. Gold led the charge with a significant increase, continuing its upward trend from the previous day. This movement comes as the market braces for the Federal Reserve's upcoming decision on key interest rates, amid ongoing uncertainty fueled by US President Donald Trump's trade policies.

Detailed Price Movements

At 3:26 am ET, gold was up by 1.25%, trading at $3,375.21 per ounce. Silver followed suit, growing by 1.96% to $33.13 per ounce by 3:27 am ET. Platinum and palladium also saw gains, with platinum rising 1.58% to $979.31 per ounce and palladium increasing by 0.35% to $935.62 per ounce by 3:28 am ET.