US gold futures revived, rising to their highest settlement in a month Tuesday, amid weakening U.S. dollar stimulated fund buying in dollar-priced commodities.
June delivery gold on the New York Mercantile Exchange's Comex division jumped $5.40 to $434.40 an ounce, its highest since March 18.
"The weaker dollar was driving the market and we just blew through chart points, followed by short covering," said Ian MacDonald, managing director of precious metals at International Asset Holding Corp.
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Gold Futures Jumped 6 Dollars Up
US gold futures revived, rising to their highest settlement in a month Tuesday
