Daily Gold Update

Source: Marketwatch

New York— Platinum and palladium futures saw their rally accelerate on Tuesday, as investors flocked to the metals following the recent launch of exchange-traded funds in the U.S. Gold prices also gained after a big jump in consumer inflation in the U.K. and continued support for liquidity-boosting measures in Canada kept a premium on hard assets.

April platinum futures, the most actively traded contract, gained $43.30, or 2.7%, to end at $1,639.40 an ounce at the New York Mercantile Exchange. "Thanks to a sustained strong investor interest, platinum and palladium continued their price rally that was seen during the past days," said analysts at Commerzbank in a note to clients. See full story.