LONDON: Gold rose back above $1,140 an ounce on Tuesday as a recovery in risk appetite lifted commodity prices and weighed on the dollar, helping the metal regain some upward momentum after a slide to two-week lows.
Spot gold was bid at $1,144.25 an ounce at 1406 GMT, against $1,134.60 late in New York on Monday. US gold futures for June delivery on the COMEX division of the New York Mercantile Exchange rose $9.1 to $1,145.00 an ounce. Among other precious metals, silver was bid at $17.97 an ounce against $17.71. Platinum was at $1,715 an ounce against $1,693.50, while palladium was at $547 against $535, having earlier hit $550.50, its highest since March 2008.
Base metals: Better risk appetite boosted copper on Tuesday, after strong results from a number of US banks including Goldman Sachs offset some concern about the impact of a fraud charge against Goldman.
Copper for three-months delivery on the London Metal Exchange traded at $7,825 a tonne in official rings from $7,696 at the close on Monday. reuters
