Source: ForexYard
Gold prices were boosted during Thursday’s early morning trading as a result of a weakening U.S Dollar.
The metal benefited from statements made by the Federal Reserve that they would carry out further monetary easing if required.
Despite the fact that the Federal Reserve did not officially announce another round of easing,the intentions for further easing has a positive affect on gold prices.
Silver prices were also given a slight boost as a result of the weaker U.S dollar as the metal for May delivery appreciated 39 cents to reach $30.75 per ounce.Platinum as well as Palladium also made gains thanks to the poor performing greenback, as the former climbed just over $10 whilst the latter rose $9.60 for June Delivery.
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