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

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