Gold steadied after previously plunging in a sharp sell-off triggered by speculation and a break of key technical support levels.
Shares of mining stocks slumped more than 9 percent on Tuesday after gold took a hit and slid to its lowest levels since the Brexit vote.
Gold is down in response to Britain's decision to set a March deadline to start divorce proceedings from the EU.
Deutsche Bank on Monday upgraded three mining stocks to buy from hold, citing strength in the commodities complex and improving fundamentals.
Gold rose ahead of a two-day U.S. Federal Reserve meeting that investors are betting will leave interest rates unchanged.
Gold hit a two-week low on Friday after data showing faster-than-expected growth in U.S. consumer inflation.
Gold wavered after comments by a top Federal Reserve official reduced prospects of a U.S. interest rate hike next week.
Gold rose on Friday after U.S. jobs growth came in below expectations, dampening the likelihood of an interest rate hike.
Debating gold and where the commodity may head next with George Milling-Stanley, State Street Global Advisors, with the bull position; and Tom McClellan, The McClellan Market Report, with the bear position.
Gold rebounded from a near five-week low as the dollar dropped on Monday, shrugging off earlier pressure.
The "Fast Money" traders share their first moves for the market open.
The "Fast Money" traders share their final trades of the day.
Shares of gold miners fell as gold dropped below its 50-day moving average, ahead of Yellen's highly anticipated Friday speech.
Soros Fund Management sharply cut its shares in gold in the second quarter, regulatory filings showed on Monday.
Analysts say the gold rally could get another push higher if it looks like the Fed will stay on hold due to soft U.S. data or international conditions, or both.
Debating the gold rally with EAM Partners CEO Vic Sperandeo with the bull case, and TD Ameritrade JJ Kinahan with the bear case.
Investors looking to chase the strong gains in gold this year may be better off purchasing a select group of gold mining stocks, Citi told clients.
Jim Cramer is high on this stock as a speculative play on cannabis. He gave his take on various caller stocks in the Lightning Round.
Gold markets were mixed after the Fed stopped short of indicating that a further increase in interest rates is on the cards for this year.
Gold recovered Wednesday after it had briefly trimmed its gains while traders digested the outcome of a 2-day Fed meeting.