Precious Metals Preview: COMEX gold extends gains near two-week high

COMEX gold and silver futures accelerate gains for the fourth day in a row even as dollar index climbs near 101 mark and oil prices continue surge. Hopes of de-escalation between US and Iran on reported talk of mediation is probably keeping precious metals supported. The yellow metal is quoting near a two-week high at $4143.50 an ounce, up 1.65% on the day. Meanwhile, silver futures are also hovering above $60 per ounce mark, up nearly 2% on the day and around a one-week high.

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