Gold rose on global economic uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals caught momentum on Friday amid broadly weaker US Dollar and anticipation of more accommodative policies from the Fed after disappointing US growth data release.

Gold was the driver for the commodity group on the increased safe-haven appeal along with growing global uncertainty as US economic expansion slows while cost of borrowing in Italy rises.

Silver found fresh support on softer US Dollar and stronger global equities.

Platinum and palladium were bolstered by lower production level in Norilsk mines as platinum and palladium production fell by 2% and 5%, respectively.
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Mon, 30 Apr 2012 12:15:42 GMT

Copper rallied as inventories fell to record low

Industry metals rallied on Friday on hopes for the third round of quantitative easing in the US after dismal growth data.Aluminum followed copper's trend as spot demand indicated improvement. However, China's demand is expected to decline by 11% in 2012, reported Rusal.Copper was the top-gainer on the record low red metal's inventories at the LME and Shanghai warehouses.Nickel was the

Mon, 30 Apr 2012 09:06:43 GMT

Australian inflation slower than expected in first three months

Australian consumer prices accelerated at slower pace than predicted in the 1st quarter of 2012, creating an additional pressure on Reserve Bank of Australia to lower benchmark rate. Australia's CPI climbed only 0.1% in first three months this year, compared to median estimate of 0.6% growth. On yearly basis quarterly CPI gained 1.6% compared to last quarter's 3.1%

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