Precious Metals Preview: COMEX gold and silver attempts recovery from around one year low

COMEX gold and silver futures are attempting recovery from around one year low on Monday morning in Asia as oil prices declined amid reports that President Donald Trump intends to give diplomatic efforts more time as the midterm elections approach. Yield on the US 10-year Treasury note remained near its lowest level in seven weeks and DXY also steadied under 102 mark. Meanwhile, investors are awaiting this week?s closely watched US jobs report for further insight into the Federal Reserve?s monetary policy outlook. Currently, the yellow metal is holding at $3913.50 an ounce while silver is seen regaining back above $50 mark.

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