Gold advanced Wednesday, gaining approximately $18, or 0.34%, to trade at $5,194 per ounce, while silver posted a more pronounced move, rising $1.63, or 1.87%, to $89.14.

Gold prices retreated in early trading Tuesday as investors locked in gains following a rally driven by U.S. tariff uncertainty and escalating Middle East tensions. New York gold futures slipped nearly 2% to around $5,118 per ounce, as a rotation into U.S.

Gold posted a sharp monthly high on Monday, climbing $117, or 2.29%, to $5,248 per troy ounce, as a confluence of legal, political, and geopolitical pressures sent investors rushing toward safe-haven assets.