Gold futures acclimatized essentially college on Tuesday as the COMEX February 2012 arrangement climbed $20.90, or 1.3%, to $1,617.60 per ounce

Gold futures acclimatized essentially college on Tuesday as the COMEX February 2012 arrangement climbed $20.90, or 1.3%, to $1,617.60 per ounce. Weakness in the U.S. dollar helped ammunition the assemblage in gold futures, as able-bodied as the broader bolt complex.

Looking ahead, BNP Paribas architect Anne-Laure Tremblay wrote in a agenda to audience that “The afternoon assemblage in chancy assets and gold seems to accept been spurred by better-than-expected U.S. apartment data, which in about-face added pushed the U.S. dollar lower…The backlash in the gold amount could alert some short-covering, and we could retest the 200-day affective boilerplate (just aloft $1,621 per ounce) in the advancing days.”

Silver futures accomplished acutely college as well, as the COMEX February 2012 arrangement avant-garde $0.66, or 2.3%, to $29.54 per ounce.