Gold and silver futures are set to record gains this week.

The near-month gold contract rose 1.4% this week, marking gains in 8 out of the past 10 weeks. The near-month silver contract rose 1.5% this week, ending a two-week losing streak and posting gains in 11 out of the past 15 weeks. Antonio Di Giacomo from XS.com stated in a report that despite volatility in the precious metals market, demand for safe-haven assets remains, which has supported the rise in gold and silver prices.