The prices of precious metals rebounded on Thursday after yesterday's slump, with gold gaining over 1%, as reactions to the United States Federal Reserve meeting simmered down.
The most recent Fed economic projections initially seemed to have shaken up the markets, as the central bank revealed it expects to cut interest rates by 0.25 percentage points only two times in the upcoming year, as opposed to four times previously estimated. Today, all eyes will be on the US gross domestic product digits.
Gold jumped 1.12% at 2:34 am ET, going for $2,621.30. At the same time, silver advanced by 0.49%, selling at $29.62. At 2:35 am ET, platinum gained 1.06%, going for $931.32, while palladium rose 0.22%, selling at $904.25.
