Gold edged down on eurozone's uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals apart from palladium dropped on fading support from inflation concerns amid global stimulus measures. At the same time, broadly weaker US Dollar created an upward pressure on the commodity group

Gold retreated from 11-month high on rising uncertainty over Spain's bailout. On Tuesday, Spanish news agencies reported that Spain's PM told his political party that the country will probably not apply for a bailout this weekend. 

Silver followed the yellow metal's suit, losing 0.1% amid mixed global equities and softer greenback. Meanwhile, I-share silver holdings rose to 10,015.99 tons last week.

Platinum slumped on signs that tensions in South Africa mat ease. On Tuesday, former CEO of Impala Platinum stated that the company does not provoked labour unrest at other mines as miners received a pay increase only after they returned to work.

Palladium rallied after US vehicle sales data indicated that automobile sales rose more than expected last month.

 

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