Gold News & Info

Source: Marketwatch

New York— Gold futures ended higher Tuesday as investors again stepped in to snap up bullion, although gains fizzled somewhat as the dollar strengthened. Gold for June delivery, the most active contract, added $3.40 or 0.3%, to settle at $1,139.20 an ounce on the Comex division of the New York Stock Exchange. Other metals followed gold's lead to finish higher on Tuesday, with palladium posting a fresh two-year high. A retreat in the two previous sessions left gold at a two-week low. The June contract has lost 1.8% from the close of Thursday.

"Buyers have come back on this dip," said Frank Lesh, a broker and futures analyst with FuturePath Trading in Chicago. Markets were rocked Friday as news broke that U.S. regulators had charged top commodities broker Goldman Sachs Group Inc. with fraud. Those worries had eased by Tuesday, said Matt Zeman, a broker with LaSalle Group in Chicago. But the market grew quieter towards the end of the trading day as "investors were in a holding pattern," he said. See full story.