Gold and silver prices rose from their lowest levels since September 2010 on speculation the slump may spur purchases.
Bullion is still set for its worst week since September 2011 after Federal Reserve Chairman Ben S. Bernanke said that the central bank may start curbing stimulus.
Gold rose 0.8 per cent to USD 1,295.60 after dipping to USD 1,269.46 an ounce, its lowest level since September 16, 2010. Silver gained 0.5 per cent to USD 19.80 an ounce after falling to 19.39.
Gold had tumbled 4.9 per cent yesterday, a day after Bernanke said the central bank may start reducing USD 85 billion in monthly debt buying this year and end the programme in 2014.