US gold, silver rally on fund buying, lower dollar

Newswire

NEW YORK, Jan 23 (Reuters) - U.S. gold futures rallied almost 2 percent amid heavy turnover on Tuesday as buying by funds, a sharply lower dollar and supply concerns in Bolivia helped lift the precious metal to its loftiest level in three weeks. Silver, platinum, palladium, and copper all hit new peaks. Most-active gold for February delivery on the COMEX metals trading division of the New York Mercantile Exchange was up $11.80, or 1.9 percent, at $645.90 an ounce. It was trading in a ...

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