Precious Metals Rise on Soft Dollar

Oct. 17, 2011 02:27PM PST

Reuters reported precious metals rose boosted by fresh investor interest and a softer dollar against the euro after a G20 summit.

As quoted in the market news,

Spot palladium touched $644.25 an ounce, the highest since Sept. 28. It was last at $634.22 an ounce from $619.70 an ounce late on Friday.
Both platinum and palladium used in autocatalysts have come under pressure in recent months as markets tried to factor slower economic growth and demand.

Click here to read the full Reuters report.