Platinum steady as Lonmin resumes operations

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals were mixed on Friday amid broadly weaker US Dollar and expectations that the Fed will keep its bond buying programme in place. The recent data indicated US CPI rose to 2% year-on-year in February, while earlier the Fed said that it would continue its easing measures as long as inflation is not expected to exceed 2.5%.

Gold drew strength from the US Dollar weakness and hopes the Fed will stick to its loose monetary policy. However, the yellow metal remained under heavy pressure as investors continued to sell their holdings. Speculators sold more than 106 tonnes from ETPs last month, the most since 2003.

Silver retreated despite solid gold prices and softer greenback. Furthermore, signs of strong investment demand failed to buoy the grey metal. Silver ETPs holdings soared to more than 19,700 metric tonnes last week.

Platinum and Palladium found support on indications of robust car demand across the globe. However, eased concerns over South African production weighed on the metals. Lonmin reported that it resumed operations at Saffy and Newman mines after strike on March 5.
Back to articles

Actual Topics

Mon, 18 Mar 2013 09:16:06 GMT

Nickel tumbles as China's output surges

Industrial metals were bearish on Friday amid elevated inventories at Shanghai Futures Exchange and an unexpected fall in the US consumer sentiment. However, losses were limited by upbeat reading of the US industrial production for February. Aluminum declined despite signs of improved demand in China. China bought 300,000 tonnes of the metal for government's stocks. At the same time, inventories

Mon, 18 Mar 2013 13:19:06 GMT

WTI drops amid levy by Cyprus on savings

West Texas Intermediate oil declined on Monday falling from its highest level in three weeks after the Eurozone's finance ministers decided to raise 5.8 billion euros by putting a levy on Cyprus bank savings, which brought worries about recovery in Europe. April WTI oil futures decreased $1.31 to $92.14 a barrel on the NYME after climbing to $93.45 on March

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.