P.M. Kitco Metals Roundup: Gold Ends Higher on Short Covering, Bargain Hunting, Lower U.S. Dollar
(Kitco News) - Gold prices rallied during the U.S. trading session Tuesday, boosted on short covering and bargain hunting following recent losses that last week pushed prices to a 10-month low. The weaker U.S. dollar index Tuesday also prompted fresh buying interest in gold and silver markets. June Comex gold last traded up $13.10 at $1,585.60 an ounce. Spot gold was last quoted up $13.30 at $1,586.50. May Comex silver last traded up $0.742 at $27.88 an ounce.