Precious metals rebounced on Friday on the weaker US Dollar

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Source: Dukascopy Bank
Precious metals rebounded on Friday after posting losses for the previous days. Broadly weaker US Dollar and stronger equities both created a fresh stimulus for the precious metals rally. Gold managed to climb from the 10-week low after the ECB increased its bond purchases. Moreover, slowing Indian growth that may force the government to ease monetary policy continued to lend some support to the yellow metal. Silver was the top-performer despite indications of weak state of the US housing market. Palladium and platinum tracked the gains of the silver. However, the upswing of more growth-sensitive metals was capped after experts predicted China's growth pace to decelerate further.

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Mon, 26 Mar 2012 12:01:34 GMT

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