Gold

Spot gold gained 0.86 percent at $1,304.6 per ounce. U.S. Stocks, dollar and treasury bond yields faded across the board, after U.S. President Donald Trump called off a summit with North Korea.

Gold's safe haven appeal was also burnished after the U.S. launched a national security investigation into car and truck imports that could lead to new tariffs similar to those it imposed on steel and aluminum.

The Fed meeting minutes released Wednesday appear to be less hawkish on interest rates, lending a support to bullion prices.

Gold prices had propelled above previous trading range. But an extended rally will be determined by whether gold could cross above the resistance of the 200-day moving average of $1,307.

Silver

Silver gained 1.5 percent at $16.67 an ounce. The strength yesterday can be attributed to the joint propelling of previously suppressed market bulls. Investors shall closely watch whether the white metal can hold above the support of the 100-day moving average of $16.66.

 
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