As the last trading day of the month comes to a conclusion, precious metals futures traded moderately to strongly higher on the day. Today’s gains were felt across the metals.

Although the trade war between the United States and China has been put on the back burner as both countries tackle the coronavirus pandemic, recently relations between these two superpowers have certainly gone south.

Gold futures staged a dynamic recovery today. After trading to an intraday low this morning of $1684.20, selling diminished and buying was revitalized, taking gold pricing well above $1700 per ounce.