Gold futures climbed 6.1% to settle just above $4,900 a troy ounce, marking the largest single-day gain for the metal in 17 years. This recovery follows a dramatic plunge from record highs exceeding $5,000 on Friday. Silver followed a similar trajectory, gaining 8.2% to reach $83.04 an ounce, though it remains significantly below its recent peak of $120.

Strategic Mineral Supply

In the mining sector, Ivanhoe Mines saw its shares jump following reports of high-level trade discussions. The company confirmed it is in talks to supply critical minerals from its Democratic Republic of Congo operations to the Trump administration’s proposed $12 billion national stockpile.

The broader materials sector benefited from this renewed stability in commodity pricing. Market observers suggest the rebound indicates a shift in sentiment as investors move past the historic rout that characterized last week's trading sessions.