Gasoline Market Update

Nymex reformulated gasoline blendstock for January RBF5, -0.56%  — the benchmark gasoline contract — was fractionally higher to settle at $1.45 a gallon.

Copper Market Update

High-grade copper for March delivery HGH5, -0.07%  rose 3 cents, or 1.1%, to settle at nearly $2.86 a pound. Copper futures recently fell to their lowest level since June 2010.

Silver Market Update

Silver for March delivery SIH5, -0.16%  rose 50 cents, or 3.2%, to settle at $16.28 an ounce.

Platinum for April delivery PLJ5, -0.12%  rallied $16.60, or 1.4%, to settle at $1,219.30 an ounce. Palladium for March delivery PAH5, +0.30% declined $7.80, or 1%, to settle at $804.20 an ounce.

Gold settles back above $1,200 an ounce

Gold prices turned higher on Tuesday to top $1,200 before the final trading day of the year, more than reversing Monday’s losses.

Gold for February delivery GCG5, +0.11%  advanced $18.50, or 1.6%, to settle at $1,200.40 an ounce, after touching a high on the session of $1,210.90 an ounce.

Oil prices settle higher ahead of fresh supply data

Crude-oil futures bounced back Tuesday ahead of the release of weekly U.S. oil inventory data, after hitting fresh multi-year lows on oversupply concerns.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -1.11%  settled up 51 cents, or 1%, at $54.12 a barrel, snapping a three-session losing streak.

February Brent crude on London’s ICE Futures exchange LCOG5, -1.17% rose 2 cents to $57.90 a barrel.