Gold rose amid easing hopes

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Source: Dukascopy Bank
Precious metals extended previous gains on Friday amid broadly weaker US Dollar and China's easing hopes.

Gold rose by more than 1%, indicating the largest two-day jump since October. The yellow metal was buyout by hopes for easing policies in the US and China.

Silver was the top-gainer, rallying by more than 2% despite weakness of the global equities in view of the Euro Zone's woes.
Increased ETF buying also stimulated the price increase. The I-share silver holding rose by 0.5% last week.

Platinum went up, following the gold's rally. Moreover, tensions between workers at Impala Platinum Holdings Ltd. Rustenburg mine may disrupt supplies thus supporting the upswing.

Palladium was unchanged for the day as industry metals were mixed and Euro Zone's concerns persisted.

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