gold and silver futures settled sharply higher on tuesday as the us dollar slipped copper also jumped on hopes that china lifting covid19 restrictions to reopen its economy will boost demand of industrial metals and support the countrys realestate sector gold prices jumped to their highest level in six months on tuesday as hopes surrounding decisions by the yellow metals top consumer china to further dismantles covid19 restrictions and reopens its borders weighed on the dollar the ice us dollar index  a gauge of the dollars strength against a basket of major currencies was off 02 at 10409 it has fallen 7 since the start of the fourth quarter gold remains poised just under multimonth highs and if the contrarian idea of a weaker dollar in 2023 comes to fruition and theres reason to believe it will then gold will have a positive catalyst behind it as we start the new year said analysts at the sevens report jim wyckoff senior analyst at kitco metals said the gold futures bulls have the overall nearterm technical advantage prices are in a sevenweekold uptrend on the daily bar chart bulls next upside price objective is to produce a close in february futures above solid resistance at 190000first resistance is seen at 182500 and then at last weeks high of 183380 he said in a tuesday note separately copper prices rose on tuesday after china further relaxed its covid19 curbs raising hopes of a recovery in the countrys embattled property sector meanwhile a top adviser to the peoples bank of china on saturday called for strengthening of real estate policy in light of sluggish economic growth over the past three years as china had pursued its zerocovid policy