Gold futures traded higher for a second session.

Gold futures traded higher for a second consecutive session, moving above $4,000 to $4,002 after recording its lowest close in a month at $3,960 two sessions ago. The higher price action is being influenced by uncertainty surrounding tariffs and a general rotation in the market. Lower Treasury yields, which are coming off a bit today after moving higher in recent sessions, are also providing a short-term lift to the metals markets. Silver futures are displaying similar price action, moving toward the $48 handle. Both Gold and Silver futures are moving back into the middle of their two-week range after consolidating following the selling pressure experienced near the end of October.