Gold prices ended Tuesday's session rising once again, supported by a weak dollar, and the ounce got closer to the US$ 1,000 mark. The contracts for August delivery jumped US$ 4.40 to US$ 984.40 an ounce on the New York Mercantile Exchange. The prices for the precious metal rose 10% in May after two months of falling, as the U.S. currency plunges against the euro and the British pound, among other currencies. Investors considered invest in gold as a low risk alternative compared to the dollar.
This year's high was registered in March when gold peaked at US$ 1,033 an ounce. Silver prices for July deliveries rose US$ 0.22 to US$ 15.955 an ounce, while copper futures for the same month fell 2.15 cents to US$ 2.2975 a pound.
