On Wall Street, the benchmark S&P 500 index gained 1.6%, recovering some of losses earlier in the week amid frenzied trading of video game retailer GameStop and other stocks targeted by novice day traders.
Silver declined after jumping at one point to its highest level in eight years. Silver for March delivery shed 55 cents, or 1.9%, to $28.86 per ounce in London. Also Tuesday, Australia's central bank left its key interest rate unchanged at 0.1% and extended a bond purchase program through September. The bank said the job market exceeded expectations.
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