Daily Gold Update

Source: Marketwatch

New York— Gold futures rose Monday, as metals and other commodities broadly benefitted from expectations of rising demand as a firmer recovery took hold following a positive round of economic data. Gold for June delivery added $7.70, or 0.7%, to end at $1,133.80 an ounce on the Comex division of the New York Mercantile Exchange. Silver and copper also advanced, but palladium and platinum led among metals as they drew on their industrial appeal as well as their jewelry use. Platinum for July delivery added $26.30, or 1.6%, to $1,701.90 an ounce. Palladium gained $11.80, or 2.4%, to $503 an ounce. Silver for May delivery ended at $18.11 an ounce, having added 23 cents, or 1.3%.

Homebuyers came back into the market and the U.S. services sector showed improvement, reports showed Monday. Markets were also digesting a Friday report showing an increase in non-farm jobs in the U.S. Several U.S. markets, including stocks and commodities, were closed Friday. See full story.