Precious Metals Rally Ahead of Federal Reserve Announcement

In a notable uptick, gold prices soared by more than 1.25% on Tuesday, continuing their upward trajectory from the previous day. This rally comes as the market braces for the Federal Reserve's impending decision on key interest rates, set to be unveiled tomorrow. The uncertainty surrounding United States President Donald Trump's trade policies has further fueled the shift towards safer investments.

Detailed Price Movements

At 3:26 am ET, gold was trading at $3,375.21 per ounce, marking a significant rise. Not far behind, silver experienced a 1.96% increase, reaching $33.13 per ounce by 3:27 am ET. Platinum and palladium also saw gains, with platinum up by 1.58% to $979.31 per ounce and palladium increasing by 0.35% to $935.62 per ounce at 3:28 am ET.