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As investors flock to haven plays, platinum and palladium saw their biggest gains among the precious metals Wednesday, outpacing gold, which is up for a third straight session and silver,
which touched its highest intraday level of the month so far. That's thanks to weakness in the U.S. dollar and easing concerns about demand in China, said Fawad Razaqzada, market
analyst at City Index and FOREX.com. Week-to-date based on the most active futures contracts, platinum and palladium both trade around 9% higher, while silver has climbed 3.9% and gold is up
3.7%, according to Dow Jones Market Data. As global bond markets "wobble," traditional safe havens like the yen and gold are "reasserting their place," helping to keep
the U.S. dollar under pressure, he said. Growing concerns over America’s fiscal outlook are adding further bearish momentum to the dollar, and "all else being equal, it should mean even
higher demand for haven assets."
