Precious Metals Preview: Gold hits one week high

COMEX Gold extended a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation. The metal hit one week high above $4100 ounce and currently quotes at $4078 per ounce, down 0.23% on the day. Silver also edged above $60 per ounce mark.

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