The Dow rose 489 points and nabbed its third-straight win on Tuesday, on the heels of cooler-than-expected consumer price index (CPI) data for October. Plunging Treasury yields helped the Nasdaq to its own triple-digit gain, while the S&P 500 settled firmly higher as well. Today's inflation data sparked optimism on Wall Street, as traders hoped it could bring an end to the Federal Reserve's interest rate hike campaign. 

Gold Rises As U.S. Dollar, Bond Yields Tumble

Oil prices were flat ahead of the Energy Information Administration’s (EIA) petroleum supply report, which is due out tomorrow. December-dated West Texas Intermediate (WTI) crude edged 0.04% higher to close at $78.26 a barrel for the day.

Meanwhile, gold prices surged as the U.S. dollar and Treasury yields tumbled following inflation data. December-dated gold rose $16.30, or 0.8%, to close at $1,966.50 an ounce for the day -- its largest single-day gain in nearly one month.

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