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Platinum, palladium rallying strongly with gold and silver

Posted on 31 October 2011

US Gold futures have climbed 6.8% this week to $1,747.20 an ounce levels on Friday while Silver futures have climbed 13% to $35.288 thanks to the renewed safe haven status and looming uncertainties over measures to solve the Eurozone debt crisis.
Precious metals as a whole have fared better this week that includes Platinum and palladium. Since they rely more heavily on industrial demand, macroeconomic concerns would not normally be good for the platinum group metals. Both platinum and Palladium showed consistent gains this week, however, with platinum chasing gold, reducing the gap between the two metals to less than $100, according to Bill Hionas of pan American Metals of Miami………………………………………..Full Article: Source


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