By Virginia Harrison, MarketWatch
SYDNEY (MarketWatch) – Gold and silver futures climbed in electronic trading on Tuesday, as investors returned to the precious metal amid a weaker dollar.
Gold for August delivery GC1Q +0.34% added $5.20, or 0.3%, to trade at $1,520.80 an ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours.
Silver tracked gold higher, with the July contract SI1N +0.64% gaining 32 cents or 0.9%, to $35.06 an ounce.
The dollar index DXY -0.06% , which measures the U.S. unit against a basket of six currencies, traded at 74.425, from 74.501 in late North American trading on Monday.
Commodities, which are priced in dollars, often move inversely with the U.S. currency.
Of the broader suite of metals, copper for July delivery HG1N +0.43% advanced 2 cent, or 0.5%, to $4.05 per pound. Platinum for July delivery PL1N +0.03% rose $2.70, or 0.1% to $1,809.50 an ounce.
Virginia Harrison is a MarketWatch reporter based in Sydney.
