Daily Gold Update

Source: Marketwatch

New York— Gold and metals futures rallied on Tuesday, as talk of a German plan to rescue Greece led stocks to soar, removing safe-haven demand for the dollar and lifting commodities. Financial Times Deutschland first reported the news on its Web site, and work on a rescue plan was confirmed by Michael Meister, deputy leader of the Christian Democratic Union/Christian Social Union in the Bundestag.

"As far as gold is concerned, it is getting a boost today from the stronger euro and a weaker dollar," said Douglas Keller, analyst at Harvest Capital Services. Gold for April delivery finished up $11, or 1%, at $1,077.20 an ounce at the New York Mercantile Exchange. The contract had gained 1.3% on Monday at the New York Mercantile Exchange. See full story.