Precious Metals Gain Amid Fed Anticipation

On Tuesday, the precious metals market witnessed significant gains, with gold leading the charge by climbing more than 1%. This upward trend continues the momentum from the previous day, as investors worldwide turn their attention to the Federal Reserve's upcoming decision on key interest rates, expected to be announced tomorrow.

Market Uncertainty Fuels Safe-Haven Demand

The ongoing uncertainty surrounding United States President Donald Trump's trade policies has further driven investors towards safer investments. This shift in investment strategy is reflected in the notable increases across the board for precious metals.

Price Highlights

Gold saw a 1.25% increase, selling for $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 and palladium also enjoyed gains, with platinum rising 1.58% to $979.31 per ounce and palladium up by 0.35% to $935.62 per ounce at 3:28 am ET.