Gold Futures Rebound, Silver Nears $40

 

Gold and silver futures rebounded Monday afternoon, fueled by broad-based gains in commodities and weakness in the U.S. dollar.

COMEX gold futures, per the December contract, initially fell to $1,734.50 but rallied back to settle with a gain of $15.40, or 0.9%, at $1,758.00 per ounce.

Silver futures for September delivery on the COMEX finished higher by $0.19, or 0.5%, at $39.31 per ounce.

Following the COMEX close, however, gold futures reached $1,767.8 per ounce and silver climbed to $39.75 per ounce as precious metals extended their gains.