Gold rose despite stronger US Dollar

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals rallied on Friday despite economic uncertainties in the Euro Zone and Asia. Stronger  greenback also continued to weight on the commodity pack.

Gold was the top-performer despite lingering worries in the single currency union after Catalonia, Spain's region, announced it needs additional funds for refinancing its banking system.

Silver followed bullish trend amid mixed equities and better than expected US consumer sentiment data release.

Platinum gained momentum on speculation that supplies may drop as Impala Platinum halted its production at Rustenburg's mine because of tensions between unions.

Palladium managed to rise by 0.59% despite weak manufacturing activity across the globe and persistent turmoil in the Euro Zone. The metal was mainly buoyed by growing gold and silver prices.

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Mon, 28 May 2012 14:50:59 GMT

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