Precious metals led gains: Gold and platinum posted strong advances
Istanbul, July 27 (Hibya) – Precious metals traded higher in global commodity markets. Gold, silver, platinum and palladium all posted gains, while copper prices edged lower.
During the trading session in global commodity markets, precious metals continued to attract investor interest. Supported by safe-haven demand, gold and other precious metals advanced, while industrial metals displayed mixed performance.
Spot gold rose 0.53 percent to $4,092.50 per ounce. Silver prices also climbed 1.14 percent to $59.58, joining the broader rally in precious metals.
Platinum delivered the strongest performance of the day. Platinum prices increased 1.68 percent to $1,631.00, while palladium gained 1.19 percent to trade at $1,268.50.
On the industrial metals side, copper prices faced limited selling pressure. Copper fell 0.25 percent to $6.3415.
Investors continue to closely monitor the global economic outlook, expectations for central bank monetary policies and geopolitical developments. Safe-haven demand continues to support precious metals, while industrial metals remain on a cautious footing.
British News Agency