Spot palladium and platinum rose more than 1 percent to multi-month highs on Tuesday as buying continued after last week's launch of the first US-based exchange-traded funds backed by the metals. Spot palladium stood at $438 per ounce as of 0738 GMT, compared with New York's notional close of $431, after rising as high as $439, its highest since July 2008. Spot platinum rose 1.8 percent to $1,618 per ounce after hitting a high of $1,620, its highest since August 2008.
GOLD UNCHANGED Gold prices were mostly flat around $1,150 per ounce on Tuesday after touching a five-week high in the previous session as traders continued to watch the currency market for direction. The price of the precious metal touched a five-week high of $1.161.50 on Monday after worse-than-expected US jobs data sent the dollar lower. Spot gold was at $1,153.45 per ounce at 0610 GMT, compared to New York's notional close of $1,151.10. US gold futures for February delivery were at $1,154.00, up 0.2 percent from Monday's close of $1,151.40 on the COMEX division of the NYMEX.
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