Platinum Lifts Gold Futures to $1,623

CNBC reported that an increase in platinum prices of about 2 percent boosted gold futures to $1,623.

As quoted in the market news:

Bullion prices edged up as trading volume for U.S. gold futures was on track to hit a 2012 low, while silver jumped almost 3 percent as platinum’s rally triggered short-covering.

Spot gold was down 0.3 percent at $1,620.74 an ounce by 3:03 p.m. EDT.

U.S. gold futures for December delivery settled up $3.60 an ounce at $1,623.

Click here to read the full CNBC report.