Gold holds gains as risk appetite grows

The Sydney Morning Herald reports US gold futures rose as investors sought to hedge growing inflation risks and bought into a broad commodities rally.

The market news is quoted as saying,

Spot platinum rose 2.1 per cent to $US1,797.94 an ounce. NYMEX June palladium closed up $US27.8 or 3.8 per cent at $US758.90 an ounce, following platinum. Spot palladium jumped 4.1 per cent to $756.47.

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