Gold futures rebounded Tuesday amid broad-based gains in precious metals.
Following yesterdays 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.
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