Gold Price Rallies Most Since 2011 as Investors Reassess US Interest Rate Outlook

ETFS Precious Metals Weekly

Key points

• Backwardation in gold market indicates continued shortages.
  
• Silver is the wild card this week. Silver was the only precious metal to decline last week, losing 1.2% to $19.4oz.
  
• Platinum and palladium continue to outshine gold. Palladium continued to be the best performing precious metal, gaining for the second consecutive week.

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