Precious Metals Rally as Investors Seek Safety

In a remarkable uptick, gold and silver prices soared on Wednesday, with gold reaching a five-day high. This surge comes as the United States implements new tariffs, stirring market volatility and driving investors towards safer assets.

Price Movements at a Glance

At 4:42 am ET, gold witnessed a significant leap of 2.11%, trading at $3,046.02 per ounce. Similarly, silver enjoyed a rise of 1.31%, priced at 30.20 per ounce. Not to be left behind, platinum and palladium also saw gains, adding 0.32% and 0.90% respectively.