New Delhi, June 2 -- Precious metals rebounded in Tuesday's trade on 2 June, supported by a retreat in crude oil prices and a softer US dollar. In the previous session, both gold and silver extended their losing streak to a second straight day.

Comex gold rebounded by $65 per ounce to the day's high of $4,571, while silver futures recovered $2.1 to touch an intraday high of $77.35 per ounce.

Analysts said precious metals drew support from a pullback in crude oil prices, which helped ease fears of an inflation shock stemming from tensions in West Asia. The yield on the benchmark 10-year US Treasury note also fell 1.1%, reducing the opportunity cost of holding non-yielding bullion.

Crude oil prices surrendered nearly half of Monday's gai...