Gold climbed as physical demand strengthened

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals rebounded after previous losses on Thursday, drawing strength from loosening monetary policy in the US. Pushing the commodity group higher, a recent slump in prices provoked some bargain hunting. Meanwhile, investors remained cautious ahead of the US quarterly GDP data release due on Friday.

Gold jumped as the Fed pledged to stick to loose policy until US economic health improves notably.  From physical demand side, the yellow metal was well-supported by raising gold holdings in central banks of Brazil, India and Turkey.

Silver rose on stronger global equities and an advance in gold prices. However, the upside was limited as greenback continued to appreciate.

Platinum moved higher despite easing supply concerns in South Africa and broadly stronger US Dollar.

Palladium bounced off recent lows on positive data from the US. However, the metal remained under heavy pressure as global economic outlook remains bleak.

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