Gold and Silver Prices on the Rise

In a notable rebound from the previous day's downturn, gold prices climbed by 1.01% to $3,012.67 per ounce by 3:11 am ET. Similarly, silver saw a modest increase of 0.23%, reaching $30.19 per ounce shortly after.

Platinum and Palladium Follow Suit

The precious metals market witnessed further gains as platinum and palladium prices jumped by 1.41% and 1.35% respectively, with platinum selling for $929.66 and palladium for $909.07 per ounce by 3:16 am ET.

Investors Flock to Safe Havens

The surge in precious metals prices comes as investors increasingly turn to safe-haven assets. This shift is driven by growing concerns over a potential global recession and the market's uncertainty surrounding the impending responses from Europe and China to the latest tariff announcements by United States President Donald Trump.