Gold futures closed with a gain of nearly $8 an ounce Tuesday as weakness in the U.S. dollar.
"Buoyed by short covering and scattered physical buying, gold made an honest effort to recover from Monday's slump," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com.
Gold for June delivery rose $7.90, or 1.2%, to close at $692.90 an ounce on the New York Mercantile Exchange after reaching a high of $693.80.
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Gold Futures Rose $8
Gold futures closed with a gain of nearly $8 an ounce Tuesday as weakness in the U.S.
