Market Anticipation Affects Precious Metals

In a surprising turn of events, the prices of precious metals have seen a significant decrease. This shift comes as the market eagerly awaits the United States Federal Reserve's next monetary policy decision. The speculation is further fueled by President Donald Trump's persistent suggestions to lower the key benchmark rate and his reported attempts to influence the Fed's leadership.

Detailed Price Movements

At 11:19 pm ET, gold experienced a sharp decline of 1.72%, settling at $3,372.81 per ounce. Not far behind, silver prices dipped by 0.87% to $32.94 per ounce. Platinum and palladium also saw decreases, with platinum falling by 0.37% to $983.17 per ounce and palladium dropping by 0.21% to $957.43 per ounce shortly after.