P.M. Kitco Metals Roundup: Gold Rebounds on Bargain Hunting; Bears May Be Exhausted

(Kitco News) - Gold prices posted solid gains in calmer trading conditions Tuesday, following Monday's chaos. Bargain hunters stepped in after prices fell to a 26-month low of $1,321.50 an ounce overnight, basis June Comex futures. Heavy physical buying in Asia overnight helped to boost gold prices Tuesday. June Comex gold last traded up $21.50 at $1,382.60 an ounce. Spot gold was last quoted up $29.90 at $1,383.00. May Comex silver last traded up $0.194 at $23.56 an ounce.