Precious Metals Preview: COMEX gold and silver attempt rebound from 3-month low

COMEX gold and silver futures are attempting rebound from around three-month low on Monday morning in Asia. The precious metal came under some selling pressure near its lowest since July, under $4k mark as elevated energy prices reinforced inflation concerns before the Federal Reserve?s (Fed) next policy meeting. WTI crude oil price reached a more than five-month high after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies. Currently, the yellow metal is up 0.32% at $4021 per ounce while silver is up 0.39% at $54.19 per ounce.

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