Gold and Silver Prices Rebound

After experiencing losses, gold prices saw a significant rebound, increasing by 1.01% to $3,012.67 per ounce by 3:11 am ET. Similarly, silver prices edged up by 0.23% to $30.19 per ounce shortly after.

Platinum and Palladium Also Rise

Not far behind, platinum and palladium prices also witnessed upward movements. Platinum jumped by 1.41% to $929.66 per ounce, and palladium advanced by 1.35% to $909.07 per ounce by 3:16 am ET.

Investors Turn to Safe-Haven Assets

The surge in precious metals prices comes as investors grow increasingly concerned about the potential for a global recession and the uncertainty surrounding the responses of Europe and China to United States President Donald Trump's tariffs. These developments have prompted a flight to safety, with gold leading the way.