Investors Turn to Safe Havens Amid Uncertainty

As the Federal Reserve's decision on key interest rates looms, investors are increasingly turning to safer investments, driving up the prices of precious metals. Gold, silver, platinum, and palladium all saw significant gains, with gold leading the charge.

Detailed Price Movements

Gold rose by 1.25%, reaching $3,375.21 per ounce at 3:26 am ET. Silver wasn't far behind, growing by 1.96% to $33.13 per ounce at 3:27 am ET. Platinum gained 1.58%, selling for $979.31 per ounce, while palladium saw a modest increase of 0.35% to $935.62 per ounce at 3:28 am ET.

Market Reactions to Trade Policies

The uncertainty surrounding United States President Donald Trump's trade policies continues to unsettle the markets, further fueling the rally in precious metals as investors seek stability.