SEE MORE: Weak Jobs Report Supports Rally in Precious Metal Miners ETFs
Gold assets have previously been selling off as more traders anticipated a September rate hike, which would have diminished the attractiveness of a hard asset that provides zero yields.
SEE MORE: Gold ETFs Lose Direction After Yellen’s Speech
Looking at the federal-funds futures market, options traders showed a 21% chance of the Fed raising interest rates this month or a 15% for December.
Meanwhile, bullion also found support from a weaker U.S. dollar, with the U.S. Dollar Index (DXY), which tracks the USD against a basket of major foreign currencies, down 0.9% to 94.88 on Tuesday.
For more information on gold producers, visit our gold miners category.
PureFunds Junior Silver Miners ETF