Platinum and Copper Market Update

January platinum PLF5, +0.28% rose $17.40, or 1.4%, to $1,246.80 an ounce, while March palladium PAH5, +0.22%  tacked on $13.80, or 1.7%, to $811.60 an ounce.

High-grade copper for March delivery HGH5, -0.56% climbed 4 cents to $2.93 a pound.

Gasoline and Oil Market Update

Gasoline for January delivery RBF5, -1.46% rose nearly 2 cents, or 1%, to settle at $1.7236 a gallon on Nymex, while January heating oil HOF5, -0.92%  advanced 3 cents, or 1.4%. to $2.0840 a gallon on Nymex.

January natural gas NGF15, -0.33%  rose 6 cents, or 1.6%, to finish at $3.6250 per million British thermal units.

Oil bounces back from sharp losses, but analysts are wary

Crude-oil futures rose Tuesday, a day after being knocked down to a five-year low amid fears the market won’t find a bottom soon.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -1.28%  rose 77 cents, or 1.2%, to settle at $63.82 a barrel. That snapped a three-session losing streak.

January Brent crude LCOF5, -1.20%  on London’s ICE Futures exchange rose 65 cents, or 1%, to end at $66.84 a barrel. That put an end to a five-session losing streak.

Gold surges past $1,200 on global equities rout

Gold rallied Tuesday to reclaim the $1,200 level in response to a global equities selloff.

Gold for February delivery GCG5, -0.06% jumped $37.10, or 3.1%, to settle at $1,232 an ounce, its highest close since the end of October. March silver SIH5, -0.17% added 86 cents, or 5.3%, to $17.13 an ounce.

Asian Market Update

Asian markets were mostly lower on Wednesday following a sell-off in New York and Europe, with fears about Greece returning to haunt dealers, while oil prices resumed their downward spiral after a slight uptick.

Shanghai's benchmark index recovered slightly after slumping more than five percent Tuesday - its heaviest loss in five years - although another round of weak inflation data capped gains.

Tokyo fell 1.38 per cent, taking another hit from further strengthening of the yen, while Shanghai edged up 0.24 per cent. Sydney shed 0.68 per cent, Seoul eased 0.67 per cent and Hong Kong was flat.

Tuesday's losses in Asia, which followed a week-long rally, spread to European and US markets and were exacerbated by news that Greece had brought forward a presidential election, raising worries of fresh political instability.