Gold Prices Rebound Amid Economic Uncertainty

On Tuesday, the price of gold saw a significant increase, marking a partial recovery from the previous day's downturn. This upward movement comes as investors increasingly turn to safe-haven assets, driven by concerns over a potential global recession and heightened market volatility.

Anticipation of Global Responses to US Tariffs

The market is closely watching for reactions from Europe and China to the latest tariff announcements by United States President Donald Trump. These developments have added another layer of uncertainty to the global economic outlook, further fueling the demand for gold.

Precious Metals Market Update

At 3:11 am ET, gold was up by 1.01%, trading at $3,012.67 per ounce. Shortly after, at 3:14 am ET, silver increased by 0.23% to $30.19 per ounce. Platinum and palladium also saw gains, with platinum jumping 1.41% to $929.66 per ounce and palladium advancing 1.35% to $909.07 per ounce by 3:16 am ET.