Precious Metals Rally Ahead of Federal Reserve Announcement

In a significant uptick, gold prices soared by more than 1% on Tuesday, extending its rally from the previous day. Investors are closely monitoring the Federal Reserve's upcoming decision on key interest rates, set to be announced tomorrow. The anticipation has driven a shift towards safer investments, amidst ongoing uncertainty fueled by United States President Donald Trump's trade policies.

Market Reactions and Metal Prices

At 3:26 am ET, gold was trading at $3,375.21 per ounce, marking a 1.25% increase. Silver followed suit, growing 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 at the same time. Palladium experienced a modest increase of 0.35%, trading at $935.62 per ounce at 3:28 am ET.