Market Uncertainty Drives Gold Higher

In a notable rebound, gold prices climbed by 1.01% early Tuesday, reaching $3,012.67 per ounce, as investors flocked to safe-haven assets. This uptick comes in the wake of recent declines, with market participants closely monitoring the potential impacts of global recession fears and escalating tariff tensions between major economies.

Global Responses to Tariff Threats

Anticipation is building around how Europe and China will respond to the latest tariff threats from the United States. These developments have added a layer of uncertainty to the global economic outlook, further fueling the demand for gold and other precious metals.

Precious Metals Market Overview

Alongside gold, silver saw a modest increase of 0.23%, trading at $30.19 per ounce. Platinum and palladium also experienced gains, with platinum jumping 1.41% to $929.66 per ounce and palladium advancing 1.35% to $909.07 per ounce, reflecting a broad-based interest in precious metals as a hedge against market volatility.