Platinum rose amid global growth optimism

Source: Dukascopy Bank
Precious metals were supported by mixed real estate data from the US that added speculation about the next Fed meeting's outcome. Successful Spain's bond auction that eased concerns across the Euro Zone's debt crisis also bolstered the commodity group.

Gold was the only loser as  the yellow metal lost its safe-haven appeal after the IMF upgraded global growth forecast for 2012 from  3.3% to 3.5% .

Silver added 0.61%, following the rally of the global equities caused by positive news from the Euro Zone and improved world's growth perspectives.

Platinum and palladium, being more growth-sensitive, rallied after the IMF projected soft-landing for China. However, record low car sales in the EU last month capped the upswing.

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Wed, 18 Apr 2012 13:45:19 GMT

Nickel soared after IMF report

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Wed, 18 Apr 2012 13:20:52 GMT

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