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Gold rises on weaker dollar; platinum group metals surge

Spot gold had risen 1.1% to $1,354.44, spot palladium surged 7.4% to $746.10

Reuters 

Goldrosemorethan1%onWednesdayasthedollarfellonlowerexpectationsforaU.S.ratehikeafterweakereconomicdata,whileplatinumandpalladiumclimbedtotheirhighestinoverayear. Spotgoldhadrisen1.1%to$1,354.44anounceby0653GMT,aftergaining0.4%intheprevioussession. U.S.goldwasup1%at$1,360.60anounce. Spotpalladiumsurged7.4%to$746.10anounce,thehighestsinceJune2015.Platinumwasup2.4%at$1,177.80,afterrisingto$1,182.20,itsloftiestinover16months. "Theoveralltrendispositiveinplatinumgroup ...

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First Published: Wed, August 10 2016. 12:48 IST
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