Gold futures rebounded Tuesday amid broad-based gains in precious metals.
Following yesterday’s slide, COMEX gold futures – per the December contract – finished higher by $38.20, or 2.1%, at $1,829.80 per ounce.
Gold futures extended their gains in electronic trading following the COMEX close, reaching an intra-day high of $1,840.00 per ounce.
One catalyst for the yellow metal was the release of the latest Fed minutes, in which several members of the U.S. central bank advocated for additional monetary stimulus measures.
Silver futures climbed alongside gold, with the COMEX September contract rising $0.88, or 2.2%, to $41.48 per ounce.
Platinum advanced 1.8% to $1,857.00 this afternoon, while palladium surged 3.1% to $779.35 per ounce.