Platinum rose on South African miners' unrest

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals apart from silver rose on Friday on encouraging comments from John Williams, San Francisco Federal Reserve Bank president. John Williams said that when the Operation Twist ends in December, the Fed may extend the outright purchases of Treasuries.

Gold ended the week on the positive note, boosted by hints on further easing measures from the Fed after Operation Twist ends in December.

Silver rallied in Asian and European session on Friday but failed to hold the gains and dropped sharply during the US trading hours.

Platinum extended previous gains on persistent supply concerns from South Africa. On Friday, Anglo American Platinum warned striking employees that in case they do not return to work the company will take legal action.

Palladium was the top-performer, moving in tandem with industrial metals. The precious metal also drew strength from hopes for additional easing in the US and weaker greenback.

 

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