New Delhi, July 14 -- Gold and silver prices rebounded on Tuesday, 14 July, as softer-than-expected US inflation and a sharp decline in crude oil prices boosted sentiment for safe-haven assets, prompting investors to return to precious metals after largely shunning them amid renewed tensions in the Middle East.

Comex gold futures climbed $107 per troy ounce to an intraday high of $4,112, fully recovering the previous session's losses, if the gains hold through the close. Comex silver futures also regained momentum, rising $2 per troy ounce to touch an intraday high of $60.

In the previous session, the white metal had ended with a loss of $2.20. Investor concerns over the prospect of higher interest rates by the US Federal Reserve eased ...