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