Gold News & Info

Source: Marketwatch

New York— Gold futures jumped 2.6% to join a broad-based rally for commodity prices Tuesday as concern over Greece's fiscal situation dissipated, allowing for the dollar to fall and increasing the precious metal's appeal as an investment. The market showed little reaction to news of a bomb exploding just outside of the Athens office of J.P. Morgan Chase & Co. There were no injuries, according to initial reports.

Gold for April delivery finished up $29.80, or 2.7%, at $1,119.80 an ounce at the New York Mercantile Exchange. Gold for April delivery rose $28.40 to $1,118.40 an ounce in electronic trading on Globex. The April contract is the most actively traded. It earlier climbed to an intraday high of $1,121.90 an ounce. Gold gained "on the back of the stronger euro," said James Moore, analyst at TheBullionDesk.com. See full story.