Bengaluru still need to win their last league match and other results to go in their favour to be in the top four
cricket11 hours ago
Gold rose on Tuesday as the dollar weakened after soft US economic data, while platinum and palladium hit multi-year lows on oversupply and sluggish autocatalysts demand.
Platinum dipped to its lowest since January 2009 at $940.50 an ounce, while palladium hit a near three-year low of $586.30 an ounce. "Miners continue to increase production in a market that is already oversupplied and only significant cuts would help platinum and palladium prices recover," Bank of America-Merrill Lynch analyst Michael Widmer said.
Spot gold was up 0.7 percent at $1,092.33 an ounce by 0937 GMT, not far from $1,077 - a trough hit on July 24 that was the weakest level since February 2010. US gold for December delivery was up 0.3 percent at $1,092.10 an ounce.
"Industrial metals were hit hard in the wake of yesterday's poor Chinese manufacturing data and headlines that the Chinese auto industry is facing significant headwinds," MKS PAMP said in a note.
The metals have also suffered from a sharp drop in gold prices - which they tend to track - over the past month on the back of a rising dollar and expectations for an increase in US interest rates.
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