Fri, 12 Apr 2013 06:55:03 GMT
Palladium rallies on strong investment demand
Precious metals climbed on Thursday on broadly weaker U.S. Dollar. However, the upswing was restricted as better-than-expected US jobs data raised concerns the Fed may scale back its easing programme.
Gold moved higher despite talks that Cyprus may sell EUR400 million of its gold reserves. Adding pressure, holdings of gold-backed ETPs remained at record low. Meanwhile, Goldman Sachs cut its