Fed officials, however, maintain that they will keep their easy money plans in place even in the face of a potential bout of inflation this spring in an economy boosted by vaccines and government spending.
US bank Wells Fargo said it has expanded its precious metals trading business, filling gaps in the market left by the withdrawal of Bank of Nova Scotia (Scotiabank).
US retail sales rebounded sharply in January, while US producer prices increased by the most since 2009, suggesting inflation was starting to creep up.
The non-farm payrolls data last week has bolstered bets the easy monetary policy is with us for a bit longer than expected, said DailyFX currency strategist Ilya Spivak.