ECB's interest rates cut sent precious metal prices higher

Source: Reuters
© Scanpix/Reuters

Gold prices climbed on Thursday after the ECB's interest rates cut. Spot gold increased by 0.2% to USD1,618 an ounce . However COMEX gold futures for delivery in August went down by 0.2% to USD1,618.70 per ounce. At the same time, silver rose 0.5% to trade at USD28.26 per ounce, platinum was up 0.61% to USD1,481.75 and palladium faced a 0.56% increase, trading at USD595.25 per ounce.

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