Precious metals modestly higher amid looming Greek debt swap deadline

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals posted moderate gains on Wednesday on weaker US Dollar and hopes that Greece will manage to agree with private bondholders on the debt swap deal. Moreover, bargain buying also created additional support for the precious metals. However, the fear that Greece may fail to repay its debt timely continued to weight on the commodity pack. Eased inflationary pressure across the globe and strong US data may also push the group lower. Meanwhile, the outlook for precious metals remains bullish with growing demand from gold and silver- backed funds. In addition, improved vehicle sales may lift platinum and palladium. Currently, traders are focused on the exchange rates and developments across the Greek debt restructuring.

Back to articles

Actual Topics

Thu, 08 Mar 2012 15:34:50 GMT

Industry metals were higher on the weaker US Dollar

Base metals except for aluminium moved higher on Wednesday amid depreciating US Dollar and stronger equities. However, fall in the German manufacturing orders capped the upswing. Moreover, investors are focused on the Greek debt swap talks as it will determine whether the country will stay in the common currency union. Aluminium fell by 1.19% but the long-term forecast stayed bullish

Thu, 08 Mar 2012 14:39:18 GMT

Nikkei 225 index adds 2% on depreciating Yen

Japan's Nikkei Stock Average ended a three-day drop and advanced sharply on Thursday lifted by depreciating Yen and economic news from US. Nikkei 225 index soared 1.97% or 188.67 points and closed at 9,764.73. Financials supported the index most with Nomura Holdings Inc surging 4.7% and  Mitsubishi UFJ Financial Group advancing 2.7% on news US Fed is planning a new

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.