Gold passes $1327 for first time in 4 months

By Jeff Davies
Retail Crowd

Precious metals traded in the green on Friday as German coalition talks reached a breakthrough and European Central Bank indicated a possible scaling back of its massive monetary stimulus program.

Spot gold hit its highest price since September, adding 0.64% to change hands for $1,330.59 per ounce at 11:16 am GMT. Silver was also higher, rising 0.77% to trade for $17.12 per ounce at 11:17 am GMT.

Palladium gained 0.18% to go for $1,090.50 per ounce at 11:17 am GMT while platinum rose 1.12% to sell for $996 at 11:18 am GMT.

The euro jumped 0.72% to highest level in three years, changing hands for $1.21175 at 11:19 am GMT.