COMEX gold rose early Tuesday, finding its footing after a long holiday weekend as bullion fans took heart from another run by the euro at its highs overnight.
April gold at 9:17 am EST (1617 GMT) was up $5.20 at $416.00 an ounce, trading from $411.40 to $417.00, and meeting only scattered sell interest on the way up, dealers said.
On Friday, before trading wrapped up for Monday's US Presidents Day holiday, gold ended down $3.40, after trading up to a one-month high at $418.00.
The euro rose to $1.2877 overnight, making dollar-priced gold cheaper for eurozone investors. That was a hair below the $1.2898 lifetime high set in mid January.
Gold is far from the 15-year high at $432.30 reached January 6, as the dollar was falling. But many analysts see the bull market in gold resuming if the euro breaks above $1.30, especially now that so many of the speculators have more than halved the huge long position at the start of the year.
Spot gold was at $414.50/5.25, up from Friday's close at $409.85/0.55. London's morning fix was $413.70.
COMEX March silver was up 13.3 cents at $6.715 an ounce, bottoming at $6.55 and trading at $6.72. Spot silver was quoted at $6.69/71, up from the last New York close at $6.55/57. It fixed at $6.64 in London.
NYMEX April platinum was up $10.40 at $856.00 an ounce. Spot fetched $856.00/861.00. March palladium firmed 80 cents to $245.00 an ounce. Spot traded at $240.00/245.00.
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