Precious Metals Rally Ahead of Fed's Announcement

On Tuesday, the prices of precious metals experienced a significant uptick, with gold leading the charge by climbing more than 1%. This movement continues the metal's rally from the previous day, as the investment community turns its attention to the Federal Reserve's impending decision on key interest rates.

Market Uncertainty Fuels Safe-Haven Demand

Investors are increasingly seeking safer investments amidst ongoing uncertainty surrounding United States President Donald Trump's trade policies. This trend has contributed to the heightened interest in precious metals, which are traditionally viewed as safe-haven assets during times of market volatility.

Detailed Price Movements

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