Gold expected to climb following rise of ETP holdings

Source: Bloomberg
Gold is likely to gain after intensified investments demand  and speculation about banks' intention to boost economic growth. Cash gold was slightly changed, rising by 1.3% to trade at USD1,618 per ounce. Meanwhile cash silver dropped 0.6% to USD28.10 per ounce. Spot platinum was almost  unchanged, trading at $1,487.87 an ounce while palladium advanced 0.9% to USD605.60 in the last two days.

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