NEW YORK (MarketWatch) - Gold futures rose Tuesday in a recovery from three straight sessions of losses, rising with the broader commodities market. Gold for August delivery was last up $6.90 at $633.0 an ounce on the New York Mercantile Exchange.
Other metals prices also posted gains. Silver added 22 cents at $11.330 an ounce, platinum rose $13.20 to $1,243.90 an ounce and palladium was up 30 cents to $324.0 an ounce. Copper added 4.25 cents at $3.625 a pound.
"We're trading off the energies and the lower dollar," said Charles Nedoss, gold analyst at the Peak Trading Group in Chicago. "You've got crude up about 39 cents overnight. As the dollar pulls back, you'll see good support for gold."
Gold's next resistance level stands at $640 an ounce, Nedoss said.
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