P.M. Kitco Metals Roundup: Gold Ends Firmer on Short Covering, But "Risk-On" Day Limits Upside
(Kitco News) - Gold futures prices ended the U.S. day session moderately higher Tuesday. While some better demand for physical gold from Asia and fresh economic stimulus measures from China prompted short covering and bargain hunting in gold, the “risk on” day in the market place Tuesday did limit gains in the safe-haven yellow metal. April Comex gold last traded up $3.40 at $1,575.80 an ounce. Spot gold was last quoted up $1.90 at $1,577.00. May Comex silver last traded up $0.174 at $28.67 an ounce.