Gold Surges 3 per cent - Sydney Morning Herald

As reported by the Sydney Morning Herald, gold surged over 3 per cent for its best day in eight months on Thursday as the Federal Reserve's lack of commitment to raise interest rates and continued tensions in the Middle East unleashed a wave of short covering. 
 
Bullion hit its highest level in more than two months. Silver jumped as much as 5 per cent, while platinum and palladium also climbed as new hurdles emerged to settling South Africa's mining strike.

 

 

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