Gold rose on global economic uncertainty

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Source: Dukascopy Bank
Precious metals caught momentum on Friday amid broadly weaker US Dollar and anticipation of more accommodative policies from the Fed after disappointing US growth data release.

Gold was the driver for the commodity group on the increased safe-haven appeal along with growing global uncertainty as US economic expansion slows while cost of borrowing in Italy rises.

Silver found fresh support on softer US Dollar and stronger global equities.

Platinum and palladium were bolstered by lower production level in Norilsk mines as platinum and palladium production fell by 2% and 5%, respectively.
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Mon, 30 Apr 2012 12:15:42 GMT

Copper rallied as inventories fell to record low

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Mon, 30 Apr 2012 09:06:43 GMT

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