2/28, 1:50 PM (Source: TeleTrader)
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Precious metals trade in green amid risk aversion

Gold recovered on Thursday most of the decline from the previous session, while spot platinum and palladium attempted to reach peaks. Investors turned to precious metals and other safe haven assets, namely United States Treasuries, the Japanese yen and Swiss franc, while stocks retreated. Discouraging manufacturing data from Japan and China, the collapse of talks between US President Donald Trump and North Korean leader Kim Jong-un and the outburst of violence at the India-Pakistan border in Kashmir all soured sentiment. German import prices dipped for the second time in a row in January.

The yellow metal rose 0.38% to $1,325.04 per ounce at 1:48 pm CET. Silver was 0.41% higher at $15.8, far from yesterday's $16.15 session high. Platinum jumped 1.11% to $875.16 after touching $876.33, the strongest mark since November 7 and just below an eight-month record. Palladium, its sister metal, rallied 1.47% to $1,553.96 for one fine ounce, following a three-day streak of all-time highs.

Breaking the News / IT