Sister metal palladium has held up better than platinum, falling only slightly after hitting a 16-month high earlier.

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While currencies around the world continue along their path of decreasing purchasing power, gold increases along with its sister metal, silver.

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Sister metal palladium also benefitted, with palladium ETF holdings rising by more than 4% to a three and one-half month high of 1.95 million ounces on Wednesday.

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