Precious metals extended their gains Tuesday morning, with gold and silver futures rising to fresh intra-day highs.
COMEX gold futures – per the December contract – surged $28.30, or 1.6%, to $1,786.30 per ounce, while silver futures for September delivery rallied $0.66, or 1.7%, to $39.965 per ounce as of 11:04am ET.
Strength in gold and silver came despite relatively tepid movements in the currency markets. In morning trading, the euro/U.S. dollar currency cross dipped 0.3% to 1.4401.