They may also have been responding to a lessening of political uncertainty in Washington DC as the testimony of former FBI Director James Comey turned into a victory for Donald Trump.
The spotlight will be back on the FOMC this week. Most experts still expect a rate hike, but the consensus has weakened some recently in light of some disappointing economic data.
Whether or not the FOMC hikes this Wednesday, we should have a good week in the metals markets. Prior rate hikes have triggered a metals rally, and a decision not to hike may as well.
Check out live precious metals prices here: