Gold Higher on Relief Rally After 10-Month Low

MarketWatch

Gold prices gained Thursday on a relief rally after closing lower for the past four sessions and as investors remained worried about the eurozone.

Gold for June delivery rose $38.30, or 2.5 percent, to settle at $1,574.90 an ounce on the Comex division of the New York Mercantile Exchange.

Continue Reading Below

Most metals futures tracked gold higher, with July silver up 82 cents, or three percent, to end at $28.02 an ounce.

Copper for the same month's delivery, however, ended flat at $3.48 per pound.

Platinum and palladium ended higher, with July platinum up $21.20, or 1.5 percent, to $1,453.40 an ounce. Palladium for June delivery gained $11.75, or two percent, to $605.85 an ounce.