June gold futures were last down $1.90 at $1,745.80 and May Comex silver was last up $0.014 at $25.44 an ounce.
Also, easy money from the major central banks, government stimulus programs and notions economies are set to spring out of the Covid pandemic in strong fashion are all fueling the record-setting bull run in equities.
For perspective the German 10-year bund yield is presently minus 0.295% and the 10-year U.K.
economic data due for release Wednesday includes the weekly MBA mortgage applications survey, import and export prices and the weekly DOE liquid energy stocks report.
However, a price downtrend on the daily chart has stalled out and more price gains in the near term would confirm a bullish double-bottom reversal pattern that would be another chart clue that a market bottom is in place.
The next downside price objective for the bears is closing prices below solid support at the March low of $23.74.