Precious metals were mostly higher on Monday amid weaker US Dollar and soaring borrowing costs in Spain and Italy. The commodity group was bolstered after the Fed officials said that weakness of the US economy is likely to lead to more loosening monetary policies.
Gold climbed 0.24%, drawing strength from the Fed comments regarding next round of asset-purchasing programme.
Silver rose despite softer global equities. The white metal found support on stronger Euro after the EU officials agreed to grant Spain additional year to meet its deficit targets.
Platinum was flat after South African AMCU asked Aquarius Platinum to reopen Everest mine that was placed on maintenance in June.
Palladium was the top-gainer on recovering automobile sales worldwide and potential demand increase amid global easing measures.