Gold and oil prices surged internationally on Wednesday following a significant reduction on Tuesday.
Gold prices rose slightly, supported by a weaker US dollar and subdued Treasury yields, as investors kept a close watch on the uneasy ceasefire between Israel and Iran.
By 0250 GMT, spot gold had gained 0.2 per cent to trade at $3,328.89 an ounce, recovering some ground after touching a two-week low in the previous session. US gold futures were also up by 0.3 per cent, reaching $3,343.00.
In other precious metals, spot silver held steady at $35.90 an ounce. Platinum slipped 0.3 per cent to $1,312.56, while palladium dropped 0.5 per cent to $1,060.50.
Meanwhile, oil prices inched higher on Wednesday, recovering slightly after sharp declines over the past two sessions, as markets weighed the durability of a tentative ceasefire between Iran and Israel.
Brent crude rose by 75 cents, or 1.1 per cent, to reach $67.89 a barrel, while US West Texas Intermediate (WTI) crude increased by 71 cents, also 1.1 per cent, to $65.08.
Both benchmarks had settled at their lowest levels in weeks on Tuesday, Brent at its lowest since June 10 and WTI since June 5, wiping out gains made after Israel launched a surprise strike on key Iranian military and nuclear sites on June 13.
Oil prices had earlier surged to five-month highs following US airstrikes on Iranian nuclear facilities over the weekend.
