14
September
Gold ticks higher on dollar; silver near peak
14 September 2010 Reuters
Gold was set for its largest one-day rise this month on Tuesday, in line with a pickup in other safe-haven assets as the U.S. dollar fell broadly, while silver nudged at two-year highs.
Palladium, used predominantly in autocatalysts, struck four-month highs as a combination of fund buying and growing prospects for industrial demand lifted prices.
Spot gold was at $1,254.05 an ounce by 0855 GMT, up from $1,245.25 the day before. U.S. gold futures for December delivery were last up $8.60 an ounce at $1,255.0.
