New York -- U.S. markets closed higher Tuesday after the Labor Day holiday break, as gold and silver prices climbed on the New York Mercantile Exchange.
Early in the day, gold climbed to $1,002.40 per troy ounce, the highest since it set a record in March 2008 at $1,038.60. By early afternoon trading, the price settled down to $994.90 per ounce.
Silver climbed to $16.263 per troy ounce.
By close, the Dow Jones industrial average gained 56.07 points, 0.59 percent, to 9,497.34. The Standard & Poor's 500 rose 0.88 percent, 8.99 points, to 1,025.39.
The Nasdaq index added 18.99 points, 0.59 percent, to 2,037.77.
On the New York Stock Exchange, 2,280 stocks advanced and 746 declined on a volume of 5.2 billion shares traded.