Platinum rose on supply concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals except for silver were solid on Thursday on broadly stronger equities and weaker US Dollar.

Gold extended its rally as negative CPI data from the US fueled hopes for new round of QE in the country.

Silver was the only loser, being pressured by sharply higher Spanish bond yields that lingered concerns over health of the Eurozone's economy.

Platinum advanced by more than 2% as disputes between labour unions in South Africa still persist and may impact region's production.

Palladium was the top-gainer, indicating its resilience to negative macro-economic data that is likely to dent automobile demand.
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Fri, 15 Jun 2012 09:31:48 GMT

Nickel plunged as spot demand weakened

Industry metals were mixed on Thursday amid pessimistic economic data from the US and Eurozone.Aluminum declined despite expected deficit in the market next year as producers tend to cut output in view of low prices.Copper managed to add 0.41% on speculation that the Fed is ready to take additional steps to accelerate sluggish economic recovery. Nickel was the top-loser amid

Fri, 15 Jun 2012 09:09:47 GMT

US shares rally on renewed hopes for stimulus

US stocks ended Thursday with a substantial gains on reports saying global central banks may intervene to boost growth. Dow Jones Industrial Average added 1.24% or 155.38 points to 12,651.91. S&P 500 index jumped 1.08% or 14.22 points and closed at 1,329.10. Nasdaq Composite soared 0.63% or 17.72 points to 2,836.33. 

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