Gold, silver prices today: Comex gold tops $4,200, silver approaches $64 in recovery rally; Fed minutes in focus

Gold and silver futures extended their recovery rally on Monday, with COMEX gold climbing to an intraday high of $4,215 per ounce and silver futures advancing to $63.73 per ounce. The rally was supported by weaker-than-expected US June jobs data, which reduced concerns over an imminent Federal Reserve rate hike and pushed the probability of a September hike down to 56%. On MCX, near-month gold futures traded around ₹1,46,600 per 10 grams after touching ₹1,47,509, while silver futures eased to ₹2,35,339 per kg after rallying for seven consecutive sessions.