Silver was the only gainer on Thursday on increased ETF buying

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Source: Dukascopy Bank
Precious metals except for silver moved higher on Thursday amid stronger US Dollar and weaker equities. Gold was the driver for the commodity group, falling by 0.13%. The yellow metal came under additional pressure caused by weak spot demand as strikes against the recent gold import duty hike in India have continued for the 12th day. Silver was the only gainer on the increased holdings of the ETF. Platinum and palladium tumbled along with weakness of the base metals pack.  However, platinum and palladium are expected to halt the downside as vehicle sales are likely to improve while popularity of the ‘green' policies also may lend some support.

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Fri, 30 Mar 2012 14:02:54 GMT

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