U.S. gold futures closed higher on Tuesday, against a weaker dollar
U.S. gold futures closed higher on Tuesday, against a weaker dollar this week made precious metals a better buy for non-U.S. investors.
As prices for benchmark metal gold rose, silver and platinum touched eight-day highs and thinly traded palladium hit a one-month peak on fund and broker buying, dealers said.
February gold futures on New York Mercantile Exchange's COMEX division rose $2.70 to $422.40 an ounce after trading from $419.60 to $423.30.
Spot gold was last quoted at $421.80/422.55 an ounce, compared with $419.00/419.50 late Monday in New York. London's afternoon fix was at $421.35.