Gold rose on Wednesday, holding above $1,320 an ounce, after the US Federal Reserve's latest meeting minutes did not suggest any hike in US interest rates soon. Palladium jumped to a 13-1/2 year high for a second day, and platinum rallied too. The two autocatalyst metals were driven by a protracted South African mine strike, tensions in major producing nation Russia and surging car sales.
Spot gold was up 1 percent at $1,330 an ounce by 3:25 pm EDT (1925 GMT). US gold futures' most-active contract, for delivery in August, settled up $7.80 an ounce at $1,324.30. The spot price of silver rose along with gold, gaining 0.8 percent to $21.17 an ounce. Spot palladium was up 0.5 percent at $871.22 an ounce. During the session it hit $873.80 an ounce, its highest since February 2001. Spot platinum was up 1.3 percent at $1,507 an ounce.
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