Precious Metals Rally Ahead of Fed 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 unveiled tomorrow. The uncertainty surrounding United States President Donald Trump's trade policies continues to drive investors towards safer assets, fueling the precious metals market.

Market Snapshot: Precious Metals Prices

Gold witnessed a 1.25% increase, trading at $3,375.21 per ounce by 3:26 am ET. Silver followed suit with a 1.96% rise, reaching $33.13 per ounce at 3:27 am ET. Platinum also saw gains, climbing 1.58% to $979.31 per ounce, while palladium edged up by 0.35% to $935.62 per ounce by 3:28 am ET.