economictimes
LONDON: Gold edged higher in Europe on Thursday as the dollar weakened a touch versus the euro, but trading was muted ahead of the Easter
break.
Platinum and palladium both rose to multi-month highs, however, as investment demand was boosted by talk of new exchange-traded funds backed by the platinum group metals.
Spot gold rose to $882.85/883.85 an ounce at 0935 GMT from $879.55 late in New York on Wednesday. Platinum rose to a 6-1/2 month high of $1,210 an ounce, and was later at $1,199.50/1,209.50 against $1,174.50.
Palladium touched a peak of $234.50 an ounce, its highest since late September, and was later at $232.50/237.50 an ounce against $230.50.