Silver gained on strong China's demand

Source: Dukascopy Bank SA
Precious metals ended Friday's session in the positive territory as investors considered that the pace of the US recovery is not fast enough for the Fed to halt its easing programme. However, broadly higher US Dollar as well as persistent inflationary pressure in China cut gains of the commodity complex.

Gold was steady amid hopes the Fed will continue its bond-purchasing activities. However, signs of weak investment demand as well as an appreciation in the US Dollar added pressure on the yellow metal.

Silver traded in green area as recent data indicated an improvement in China's demand for the grey metal. China's silver imports surged by annualized 36% in January, posting the biggest increase since May 2010.

Platinum jumped despite alleviating concerns over supply disruptions in South Africa. Deficit on the physical markets continued to lend support to the precious metal.

Palladium soared as global deficit is likely to be further exacerbated by robust car demand. The metal used for auto-catalysts gained momentum after the data showed car sales in the US and China jumped more-than-expected in January.
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