9th February 2017

 Gold rose to a three-month high on Wednesday as continued fund buying provided the precious metal with an element of support. Silver also advanced modestly, but there were much more sizable gains in both platinum and palladium. The dollar ended mixed on Wednesday and was not much of a factor in influencing prices one way or another. The greenback opened stronger against both the Euro and sterling, but closed close to unchanged by the end of the session. However, the yen was strong all day. In other markets, the base metals group finished higher, led predominantly by copper; strike action in both Indonesia and Chile is lending support and raising questions about short-term supply. In the gold physical markets, holdings in the SPDR Gold Trust rose for a fifth straight session on Tuesday.