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Gold edged lower as stronger US Dollar and the eurozone's woes continued to pressurize the yellow metal.
Silver rose despite weak global equities and rallying greenback. The grey metal found support on higher platinum and palladium prices amid expectations of insufficient supply of these metals.
Platinum jumped after reports that global platinum supplies will fall by 9.9% this year due to output disruptions in South Africa. The decline in supplies is expected to drive platinum market from surplus in 2011 to a large deficit in 2012.
Palladium skyrocketed on forecasts that world's production will slide 11% this year due to a drop in South African and Russian supplies.