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Gold Back Above $1,500; Palladium Nears Record


Thursday, 12 September 2019 16:20 WIB

GOLDEMAS


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Gold continued its recovery from a one-month low to trade above $1,500 an ounce ahead of key central bank policy meetings.

Bloomberg Dollar Spot Index -0.1%. Spot gold rises for a second day, gains 0.5% at $1,505.33/oz by 9:44am in London. Spot palladium advanced as much as 1.7% to $1,602.03/oz, highest since July 11. All-time high of $1,614.88 was reached on March 21. Spot silver +0.8%.  Platinum +1%.

Investors are awaiting a potentially pivotal European Central Bank policy decision on Thursday, with the Federal Reserve gathering next week.

Palladium, the best-performing precious metal this week, moved closer to its all-time high seen in March, supported by signs of easing U.S.-China trade tensions.

Source : Bloomberg


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