FXstreet.com (Barcelona) – Gold price rose to its highest level since early March at $1,133.25. Thin volume posed no hurdle for the active metal traders to shot the precious metal up. Optimistic sentiment turned out evident after both US services sector and pending home sales showed high readings beyond market's expectation. Key players, back on duty tomorrow, may still pump further buying pressure as the latest slew of key performance indicators enforced US recovery prospects.
Focusing on price action today, an unhesitating bullion kicked off at 1,120.00 area to march up peaking at $1,133.75 zone. Meanwhile, silver prices continue to stretch up new 11-week high capped at $18.10 as copper rose to $3.63. Special mention deserve palladium and platinum, both driving through multi-year highs on growing physical demand, primarily weighed by the auto industry's recovery.
