Silver rose on easing hopes

Source: Dukascopy Bank SA
Precious metals advanced on Friday as dismal US jobs data elevated hopes for new round of QE in the US.

Gold rallied by more than 4% over the day as fall in global equity markets and world's economic uncertainty increased the safe-haven appeal of the yellow metal.

Silver followed gold's trend as economic worries in the Euro Zone eased after Spain approved its spending cuts programme.

Platinum drew strength from hopes for more accommodative monetary policies in the US as well as from potential supply decrease from Impala Platinum.

Palladium was only marginally higher as US auto sales growth missed forecasts in May.

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