Daily Gold Update

Source: Marketwatch

New York— Gold futures jumped as much as 1.7% on Tuesday, reclaiming the $1,400-an-ounce level, as the dollar fell against a broad range of currencies. Copper also touched a new record high. Gold for February delivery closed at $1,405.60 an ounce, gaining $22.70 � its biggest one-day rise since early November. It touched $1,407.20 on an intraday basis. Copper for March delivery ended at $4.33 a pound, up 5 cents from Monday. Also Tuesday, silver for March delivery gained $1.07 to $30.27 an ounce.

Palladium for March delivery added $20.10 to $787.20 an ounce. The January contract for Platinum rose to $1,751.70 an ounce, up $16.20. The dollar index, which measures the greenback against a basket of six major currencies, fell as low as 79.956 earlier, from 80.34 in North American trading Monday. It lately traded around 80.396. The came under pressure earlier in the day after the Case-Shiller index tracking home prices in 20 U.S. metropolitan areas fell in October by more than analysts had predicted. See full story.