Gold Prices Rebound Amid Market Uncertainty

In a notable recovery from yesterday's downturn, gold prices climbed by 1.01% early Tuesday, reaching $3,012.67 per ounce by 3:11 am ET. This surge reflects a growing preference for safe-haven assets among investors, spurred by fears of a global recession and the looming uncertainty over international trade relations.

Investors Anticipate Global Responses to U.S. Tariffs

The market's eyes are now on Europe and China, as investors eagerly await their countermeasures to President Donald Trump's latest tariff announcements. The potential impact of these responses on the global economy has further fueled the rush towards gold and other precious metals.

Silver also saw a modest increase of 0.23%, trading at $30.19 per ounce by 3:14 am ET. Shortly after, platinum and palladium followed suit, 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.