Platinum Market Update

January platinum PLF5, -0.13%  rose $9.60, or 0.8%, to settle at $1.191.70 an ounce, while March silver SIH5, +0.15%  rose nearly 8 cents, or 0.5%, to settle at $15.87 an ounce.

Palladium Market Update

March palladium PAH5, +0.05%  fell $1.20, or 0.1%, to settle at $814.05 an ounce, and high grade copper for the same month HGH5, +0.05%  declined less a penny to just under $2.87 a pound.

Gasoline and Oil Market Update

Nymex reformulated gasoline blendstock for January RBF5, -0.95%   — the benchmark gasoline contract — rose nearly 4 cents, or 2.3%, to $1.57 a gallon.

Heating oil for January HOF5, -0.34%  rose 4 cents, or 2%, to settle at $1.99 a gallon, while natural gas for the same month NGF15, -0.76%   gained nearly 3 cents, or 0.9%, to settle at $3.17 per million British thermal unit.

Oil rises 3.4% as some OPEC members forecast rebound

Crude-oil futures rose on Tuesday, getting an extra lift from strong U.S. economic growth and after some Arab members of the Organization of the Petroleum Exporting Countries said they see a rebound to $70 to $80 a barrel next year.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -0.63% settled up $1.86, or 3.4%, at $57.12 a barrel. The contract hit a settlement low of $54.36 last Thursday.

February Brent LCOG5, -0.68% crude on London’s ICE Futures exchange was up 28 cents, or 0.5%, at $61.97 a barrel.

Gold slips to $1,178 an ounce after GDP data

Gold futures slipped in thinly-traded holiday action on Tuesday as solid U.S. growth data pushed the greenback higher and made dollar-denominated commodities more expensive for foreign buyers.

Gold for February delivery GCG5, +0.06%  declined $1.80, or 0.2%, to settle at $1,178.00 an ounce on the Comex division of the New York Mercantile Exchange. For the week, gold is down $18 an ounce, or 1.5%.