Gold for February delivery gold climbed and slipped as much as 0.3 percent and 0.2 percent, respectively, on the Comex in New York. March-delivery silver increased 0.5 to $30.485 per troy ounce in New York. March-delivery palladium fell 0.3 percent to $785 per troy ounce and April-delivery platinum lost 0.2 percent of its value.
"Concern about the European region is still around," Park Jong Beom, a trader at Tong Yang Futures Trading of Seoul, told Bloomberg. "Money is moving toward commodities, as the outlook for next year looks good. Buying interest emerges whenever there's a correction."
For the second time since bond purchases began in May, Europe's central bank did not completely neutralize additional amounts of liquidity.
"Worries over the health of the euro zone and the likelihood that the Fed will have to maintain extremely accommodative monetary policy are the two key drivers," according to a report by Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago.
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