US gold futures ended up 1 percent on Wednesday, rebounding from the previous session's decline on worries over massive liquidity injections by central banks and after a major brokerage upgraded its price forecast. Gold for April delivery settled up $9.70, or 1.1 percent, at $902.20 an ounce on the COMEX division of the New York Mercantile Exchange.
GOLD: Ranged $896.20 to $910.90. Strong buying driven by worries about inflationary actions taken by central banks to restore liquidity and get the economy moving - Tom Dyson, editor at DailyWealth.com. COMEX estimated 1:00 pm volume at 70,753 lots, options turnover at 11,064 lots.
SILVER: March ended up 17.0 cents, or 1.4 percent, at $12.470 an ounce on gold's strength and bargain hunting. Ranged $12.305 to $12.590. COMEX estimated 1:00 pm volume at 10,515 lots. Spot silver quoted at $12.51 an ounce, up 0.9 percent from its previous close.
PLATINUM: NYMEX April platinum finished up $6.20 at $969.70 an ounce as a higher stock market boosted economic sentiment. Spot platinum quoted at $963.50 an ounce, up 0.4 percent from its last finish.
PALLADIUM: NYMEX March palladium closed up $5.05, or 2.6 percent, at $198.00 an ounce in tandem with platinum's gains. Spot palladium was at $194.00 an ounce, up 1.3 percent from its previous close on Tuesday.