Metals rise, gold jumps 1%

The prices of precious metals grew on Wednesday with gold soaring 1% amid the latest economic prints.

Data showed that manufacturing activity in the United States slowed, while construction spending fell 0.2%. Meanwhile, job openings stood at 8.5 million, coming in somewhat lower than analysts expected. All eyes are currently on the Federal Reserve, as investors are awaiting its latest monetary policy decision.

After briefly jumping 1.04%, gold advanced 0.90% at 10:17 am ET, going for $2,306.74. A minute later, silver gained 0.98% selling for $26.56. Simultaneously, platinum surged 2.04% going for $957.95, while palladium dipped 0.20% to $929.97.