Gold futures traded to an intraday low of $1782.20 before recovering, closing just above $1800. As of 4:44 PM EST, the most active April 2021 contract of gold futures is currently fixed at $1802.90, which is a net decline of  $3.00  on the day.

The chairman of the Federal Reserve, Jerome Powell, today began his testimony to the Senate Banking Committee in regards to the Fed’s current monetary policy.

With the exception of platinum, the rest of the precious metals complex traded on the futures markets all exhibited very respectable gains. Leading the forefront was silver futures, which gained 3.6% in trading today.