Gold tumbled amid stronger US Dollar

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals were weak on Thursday amid broadly softer equities and stronger US Dollar. Fading hopes for more accommodative policies from the ECB also pressured the commodity group.

Gold tumbled after US reported on the record weekly drop in the jobless claims thus decreasing hopes for the next round of quantitative easing in the US.

Silver was the top-loser along with weak global equities while lack of clear actions of the ECB also weighted.

Platinum and palladium both fell as markets registered the largest surplus in five years in 2011 due to sales of Russian platinum inventories and Euro Zone's debt crisis. However, growing demand from auto industry may lift the metals in medium-term.

Back to articles

Actual Topics

Fri, 04 May 2012 14:44:56 GMT

Copper fell after poor services PMI releases

Industry metals followed a downward trend on Thursday after pessimistic non-manufacturing PMI releases from the US and China.Aluminum decreased after Rio Tinto announced it plans to sell four Aluminum plants by September because of low profits and growing energy costs. Copper declined as new orders index in the service sector fell from 58.8 to 53.5. Moreover, traders are cautious as

Fri, 04 May 2012 12:53:54 GMT

German DAX trades lower ahead of elections and US jobs data

German DAX index edged lower on Friday as investors awaited for US jobs data amid dropping commodity prices. Moreover European investors stayed cautious ahead of elections in Germany, Italy, France and Greece this weekend. Metro AG dropped 1.5%, as UBS lowered its target price on the stock to and maintained its sell recommendation. On the upside banks partly recovered with

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.