Gold and silver prices rose for a third straight session on Tuesday after last week's sell-off, boosted by intense fighting in Libya, uncertainty about debt-laden Greece and the rising cost of oil and grain. Spot gold gained 0.2 percent to $1,516.81 an ounce by 3:24 pm EDT (1924 GMT).
US gold futures for June delivery settled up $13.70 at $1,516.90 an ounce, after trading in a range from $1,505.20 to $1,520. Spot silver reversed initial losses to add 1.8 percent at $38.59 an ounce, after rallying 6 percent in the previous session, its biggest one-day rise in six months. doubled trading costs, had its biggest correction last week - dropping 25 percent - since prices collapsed in 1980. Platinum group metals benefited after General Motors Co said it would invest about $2 billion in 17 US plants. Platinum climbed 0.4 percent to $1,795.99 an ounce, while palladium rose 0.7 percent to $730.72 an ounce.
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