Gold (995) (Rs)
The US Fed’s rate hikes will be delayed further by the weak second quarter GDP growth and this resulted in firmness in precious metals.
Being a more volatile precious metal, silver gained a bit more than gold during last week.
Slower economic growth is weighing down industrial metals and platinum fell by 1.54% over the past week.
WTI Crude ($/barrel)
Sharp inventory drop in the US neutralised economic worries and kept crude oil relatively flat.