Gold eased down on stronger greenback

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals dived on Wednesday amid stronger US Dollar and persistent turmoil in the Euro Zone.

Gold was only marginally lower as it managed to pare previous losses after release of the Fed minutes. Fed hinted that the US economy may need more monetary stimulus to boost growth.

Silver declined on weakness of the global equities after the ECB stopped financing of some Greek banks.


Platinum was pressured by stronger US Dollar. However, the metal may draw strength from increased Japan's buying as the county attempts to secure platinum supplies to meet potential deficit in the next  years.

Palladium dropped despite expectation for slight shortage in the market this year due to rising industrial and autocatalyst demand. However, increased selling of Russian palladium stocks may turn deficit to surplus as it was in the end of 2011.

Back to articles

Actual Topics

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.