Gold and silver prices extended their recovery for a second consecutive session, offering a brief respite for precious metals traders following a severe quarterly decline.

Gold climbed 0.63% to $4,057 per ounce, while silver gained 1.30% to $59.84 on July 1.

The move marks a technical stabilization after the metals posted their worst quarterly performance in years, with prices having tracked fresh declines in international bullion markets just days prior.

Despite the two-day rally, the rebound remains fragile.

A firm US dollar continues to exert headwinds on non-yielding assets, limiting the scope for a sustained breakout.

Market participants are closely watching Thursday's US jobs data for further clues on Federal Reserve policy expectations; a stronger-than-expected print could quickly reverse the recent gains, while weakness might provide the catalyst needed to confirm a bottom.