News: Metals watch: Gold, silver, platinum, palladium and copper gain

  1. Gold and other metals prices settled higher overnight, getting a boost from the Chinese central bank’s decision to cut the reserve-requirement ratio for banks in an aim to boost growth.

    Gold for April delivery added 0.3% to settle at US$1,264.50 an ounce.

    March silver rose more than 0.4% to end at US$17.395 an ounce.

    Elsewhere in metals trading, platinum for April delivery climbed 0.3% to settle at US$1,238.90 an ounce, while March palladium firmed 0.5% to end at US$790.20 an ounce.

    High-grade copper for March delivery added a penny to US$2.59 a pound.


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