Gold, silver prices rebound amid mounting geopolitical tensions

International gold and silver prices rebounded on Wednesday from recent lows as geopolitical tensions mounted.

The rebound followed the conclusion of the latest round of the trilateral talks among Russia, the United States and Ukraine which ended on Wednesday with no breakthrough on key issues and the remaining differences between the United States and Iran over the latter's nuclear issue.

By the close of trading, April gold futures on the New York Mercantile Exchange (NYMEX) rose 2.11 percent to settle at 5,009.5 U.S. dollars per ounce, while March silver futures climbed 5.52 percent to 77.598 dollars per ounce.

Gold, silver prices rebound amid mounting geopolitical tensions

Oil prices advanced on Wednesday.

The West Texas Intermediate for March delivery increased by 2.86 U.S. dollars, or 4.59 percent, to settle at 65.19 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery gained 2.93 dollars, or 4.35 percent, to settle at 70.35 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher