Palladium jumped as analysts predict rally in Q4

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Precious metals traded slightly higher on Tuesday amid broadly weaker US Dollar and mixed global equities. The commodity group was supported by widely anticipated monetary stimulus from the BoJ. However, investors were disappointed as the BoJ may have embarked on more aggressive measures.

Gold was flat amid uncertainty over easing measures in the US and rising gold holdings in central banks across the globe.

Silver was unchanged, balancing between mixed global equities and weaker greenback. Meanwhile, the I-share silver holding dropped to 9,894.58 tons from 9,920.18 tons last week.

Platinum was the top-gainer as a recent slump in prices prompted dip buying. Broadly softer greenback also pushed the metal higher.

Palladium rallied on promising price forecasts. Analysts expect the precious metal price to average at USD800 per ounce next quarter, up 34% from the current price.

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.