NEW YORK - Gold and other commodities soared Tuesday, following Wall Street's lead in an Election Day rally. A weakening U.S. dollar also contributed to the gains.
Gold for December delivery rose $30.50 to $757.30 an ounce on the New York Mercantile Exchange.
December silver advanced 38 cents to $10.13 an ounce.
The dollar weakened against most major currencies, including the euro and the British pound.
Light, sweet crude for December delivery jumped $6.62 to settle at $70.53 a barrel, after rising as high as $71.77 earlier in the session.
