Gold was moving higher Tuesday morning, moving back up over $1,800 per ounce as safe-haven demand returned to the market. Prices for longer-dated U.S. Treasuries also were being bid up in anticipation that the Federal Reserve will favor longer-dated issues in a so-called “Operation Twist,” a continuation of its ongoing efforts to keep a lid on long-term interest rates and interest costs, as well as stimulate borrowing and lending.

The market for spot gold was $1,804.90 Bid, $1,805.90 Ask as of time of writing, up 1.48% with a high of $1,809.90 and a low of $1,774.90. Tuesday’s London p.m. reference price was fixed at $1,799.

Spot silver was up 1%, bid at $40.05 with an ask price of $40.15, with a high of $40.32 and a low of $39.11. Tuesday’s London a.m. silver price fix came in at $39.18.

On the exchanges, gold and silver trusts were trading higher early Tuesday.

• The SPDR Gold Trust (NYSE:GLD) was up around 1.3%.
• The iShares Gold Trust (NYSE:IAU) also was up around 1.3%.
• The iShares Silver Trust (NYSE:SLV) was moving up more than 1%.

Gold and silver mining ETFs were sharply higher, breaking a six-day streak of moving down in morning trading.

• The Market Vectors Gold Miners ETF (NYSE:GDX) was about 3.3% higher.
• The Market Vector Junior Gold Miners ETF (NYSE:GDXJ) was up around 3.2%.
• The Global X Silver Miners ETF (NYSE:SIL) was 2.75% higher.

Shares of gold miners were sharply higher, with shares of NovaGold Resources surging up over 6%.

• Agnico Eagle Mines (USA) (NYSE:AEM) was up around 2.9%.
• Barrick Gold Corp. (NYSE:ABX) was trading higher, up more than 2.1%.
• Goldcorp (NYSE:GG) was up about 3.6%.
• Newmont Mining Corp. (NYSE:NEM) was up 5.25%.
• NovaGold Resources (USA) (AMEX:NG) was sharply higher as well, up 6.4%.

Silver mining shares also were gaining strongly Tuesday morning, with Pan American Silver up more than 3.5%.

• Coeur D’Alene Mines Corp. (NYSE:CDE) was up around 2.8%.
• Hecla Mining (NYSE:HL) was almost 4% higher.
• Pan American Silver Corp. (USA) (NASDAQ:PAAS) was 3.7% higher.
• Silver Wheaton Corp. (USA) (NYSE:SLW) was showing gains of 2.25%.
• Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) was about 2.3% higher.

The author does not hold positions in any of the above-mentioned investments.