Platinum soared on global easing hopes

Source: Dukascopy Bank SA
Precious metals rallied on Tuesday amid broadly weaker US Dollar after the IMF lowered the US growth forecast for this year from 2.1% to 2%.

Gold rose on speculation about monetary easing by central banks all over the world. The strongest support was provided by hopes for QE3 after US manufacturing activity unexpectedly contracted in June.

Silver surged amid mixed world equities and global easing hopes. Weaker US Dollar also lifted the commodity price.

Platinum continued to draw strength from the South African supply uncertainty. Moreover, mounting evidence of slowing US economy bolstered the white metal.

Palladium soared on stronger industrial metals pack as US industry orders rose more than expected last month.  Additionally, strong auto sales in the US boosted palladium price.
Back to articles

Actual Topics

Wed, 04 Jul 2012 13:33:38 GMT

Nickel rose amid potential Australian supplies fall

Industry metals skyrocketed on Tuesday after US factory orders posted stronger than expected gain of 0.7% in June. Aluminum caught momentum on increased US vehicle sales and rising fuel efficiency awareness. However, the upswing was subdued by weak PMI releases in the beginning of the week.Copper rallied on potential demand increase and supply worries. Newmont mining dispute in Peru is

Wed, 04 Jul 2012 15:27:37 GMT

IMF: "remarkable" economic performance of Germany

On Tuesday the IMF claimed that the economic activity of Germany is notable taking into account the latest encumbrances related to the demand growth and banks' vulnerable situation. Economists also mentioned that country's current fiscal policy is appropriate. IMF also highlighted the importance of the Landesbanken restructuring and Germany's recession management improvement.

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.