US gold futures held onto gains to end higher on Tuesday, erasing initial losses as higher crude oil prices due to hurricane worries more than offset a dollar rally. December settled up $2.40 at $828.10 an ounce on COMEX division of the New York Mercantile Exchange.
Range traded was $812.00 to $836.00. Spot gold at $822.90/824.30 at 2:15 pm versus Monday's US close at $820.20/821.40. London's afternoon gold fix at $827. September silver ended up 20.5 cents, or 1.5 percent, at $13.575 an ounce, in a $12.960 to $13.725 range. Less liquid silver tracks gold's strength on the back of strong crude oil.
Estimated final volume 36,261 lots. Spot silver at $13.56/13.64 versus $13.37/13.43 at the Monday close. Silver gold fix was set at $13.05 an ounce. October platinum finished down $13.90, or 1 percent, at $1,421.10 an ounce. Spot platinum at $1,409.50/1,429.50. September palladium closed down 30 cents at $285.70 an ounce. Spot palladium at $282.00/290.00.