Silver, platinum and palladium edge higher on a lower US dollar
SHANGHAI (July 31) Silver Futures for September delivery rose 0.8% to trade at USD19.83 a troy ounce, while copper for September spot delivery rallied 1.1% to trade at USD3.075 a pound. Both platinum and palladium were up a tad as the US dollar edged lower.
The red metal edged higher on hopes policy makers in China will introduce fresh easing measures to boost growth in the world’s second largest economy.
China is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.