Gold tops $1,600, rises more than 2%, Silver hops nearly 6% on U.S. manufacturing data

SAN FRANCISCO (MarketWatch) — Gold futures were back at $1,600 an ounce on Tuesday, rebounding from a weak December with aplomb amid rallying oil futures and a weaker dollar.

Gold for February delivery /quotes/zigman/656382 GC2G +2.50%  rose $35.80, or 2.2%, to trade at $1,602.70 an ounce on the Comex division of the New York Mercantile Exchange. It traded as high as $1,608.70 an ounce earlier.

 

Read more here… http://www.marketwatch.com/story/gold-futures-begin-2012-on-positive-note-2012-01-02?link=MW_home_latest_news

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