Gold On New High

Gold rose to a new one-month high on Tuesday as the weaker dollar stimulated buying and investor sentiment towards the precious metal strengthened.

Gold's comeback began the previous day when most commodity markets rallied to take leading indexes back up to 2006 highs after crude oil hit an 11-month peak and copper a two-month high.

By 1358 GMT spot gold was at $662.10/662.70 an ounce, up from $660.80/661.60 late in New York on Monday and near its peak of $663.30, its firmest since June 7.