On Comex, March copper HGH6, -0.58% climbed by 2.8 cents, or 1.4%, to $2.061 a pound. January platinum PLF6, +0.29% added $15.10, or 1.8%, to $847.50 an ounce and March palladium PAH6, +0.67% tacked on $11, or 2.1%, to $536.80 an ounce.The outlook for gold is “heavily dependent on the upcoming Fed interest-rate decision, said Aslam. “Given the ECB has used very hawkish approach in lowering the deposit rate, by cutting it by only 10 basis points, we do think that the Fed will use very dovish approach in raising the rates.”
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