Gold futures climbed on Tuesday, topping $1,700 an ounce to settle at their highest price since Oct. 6, while silver futures marked their highest finish since June. “The fall in the U.S. dollar put additional pressure on gold and silver short positions” on Tuesday, said Peter Spina, president of GoldSeek.com. “The silver price looks more bullish” than gold, though gold is “moving from a neutral short-term perspective into a bullish set-up,” he said. Gold for December delivery GCZ22 rose $35.50, or 2.1%, to settle at $1,716 an ounce on Comex. December silver SIZ22 added 58 cents, or 2.8%, to settle at $21.502 an ounce.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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