CHICAGO, March 12 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on short covering Tuesday.
The most active gold contract for April delivery rose 13.7 dollars, or 0.87 percent, to settle at 1,591.7 dollars per ounce, a near two-week high.
Gold prices have lost around 5 percent so far this year, with February marking the fifth straight losing month. Meanwhile, gold prices have been range-bound in the past six trading days, moving within a range of 0.2 percent or less.
Demand from China is supportive to gold as physical buying from China has been strong ever since gold prices fell below 1,600 dollars per ounce.
Silver for May delivery rose 31.8 cents, or 1.1 percent, to close at 29.171 dollars per ounce. Platinum for April delivery fell 6.2 dollars, or 0.39 percent, to close at 1,595 dollars per ounce.
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