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. Silver also climbed, albeit modestly, by 0.23% to $30.19 per ounce shortly after.

Platinum and Palladium Follow Suit

Not far behind, platinum and palladium prices also rose, with platinum jumping by 1.41% to $929.66 per ounce and palladium advancing 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 globally are turning to safe-haven assets amidst growing fears of a global recession and the uncertainty surrounding the potential responses from Europe and China to the latest tariff threats by United States President Donald Trump.