Gold Market Update

Gold prices turned higher on Tuesday to top $1,200 before the final trading day of the year, more than reversing Monday’s losses.

Gold for February delivery GCG5, +0.13%  advanced $18.50, or 1.6%, to settle at $1,200.40 an ounce, after touching a high on the session of $1,210.90 an ounce.

Silver for March delivery SIH5, -0.13%  rose 50 cents, or 3.2%, to settle at $16.28 an ounce.

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