Gold Prices Rebound Above $2,000 as Dollar Weakens.

Gold and silver prices rebounded on Tuesday, with June gold up $16.00 at $2,023.00 and May silver up $0.262 at $25.355, due to perceived value buying and a lower US dollar index. The metals market bulls are also favored by a dip in US Treasury yields. Technically, June gold futures and May silver futures bulls have the solid overall near-term technical advantage, with both in a five-week-old uptrend on the daily bar chart. Copper prices also closed up 300 points at 409.60 cents, with copper bulls having the overall near-term technical advantage.