“……Gold for immediate delivery rose 0.6 percent to $1,582.55 an ounce by 11:19 a.m. in London, after falling 2.5 percent the past four days. Futures for April delivery gained 0.6 percent to $1,581.50 on the Comex in New York. Futures trading volume was 16 percent above the average in the past 100 days for this time of day.
Bullion rallied the past 12 years as nations from the U.S. to China pledged to do more to support economies. The metal is down 5.5 percent this year and fell for a fifth month in February, the longest run of declines since 1997. Investors sold the most gold ever from exchange-traded products last month, and the 2,500 metric tons now held is 5 percent below the Dec. 20 record, data compiled by Bloomberg show.
Silver for immediate delivery rose 1.2 percent to $28.8988 an ounce in London. Palladium was up 1 percent at $724.35 an ounce. Platinum gained 1.2 percent to $1,587.10 an ounce. It fell as low as $1,563.60 yesterday, the lowest since Jan. 8.”
If you enjoy the content at iBankCoin, please follow us on Twitter
