Gold Recovers from Previous Losses

On Tuesday, gold prices experienced a significant uptick, marking a 1.01% increase to $3,012.67 per ounce by 3:11 am ET. This recovery comes after a period of decline, as investors increasingly turn to gold as a safe-haven asset amidst growing concerns over a potential global recession and market instability.

Investors Anticipate Global Responses to U.S. Tariffs

The market's attention is also focused on the anticipated reactions from Europe and China to the latest tariff threats by United States President Donald Trump. These developments have added a layer of uncertainty to the global economic outlook, further driving the appeal of precious metals.

Silver, Platinum, and Palladium Also See Gains

Following gold's lead, silver prices edged up by 0.23% to $30.19 per ounce by 3:14 am ET. Shortly after, platinum and palladium prices also rose, 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.