Gold rose despite stronger US Dollar

Source: Dukascopy Bank SA
Precious metals rallied on Friday despite economic uncertainties in the Euro Zone and Asia. Stronger  greenback also continued to weight on the commodity pack.

Gold was the top-performer despite lingering worries in the single currency union after Catalonia, Spain's region, announced it needs additional funds for refinancing its banking system.

Silver followed bullish trend amid mixed equities and better than expected US consumer sentiment data release.

Platinum gained momentum on speculation that supplies may drop as Impala Platinum halted its production at Rustenburg's mine because of tensions between unions.

Palladium managed to rise by 0.59% despite weak manufacturing activity across the globe and persistent turmoil in the Euro Zone. The metal was mainly buoyed by growing gold and silver prices.

Back to articles

Actual Topics

Mon, 28 May 2012 14:50:59 GMT

Zinc climbed on medium-term supply concerns

Industrial metals balanced on Friday between signs of robust US economic recovery and uncertainty in the Euro Zone and Asia.Aluminum was marginally lower as rising energy costs and weakening China's demand both created pressure on the light metal.Copper was among gainers due to falling stocks at the LME and Shanghai warehouses. However, high risk-aversion in the markets continued to cap

Mon, 28 May 2012 14:22:01 GMT

JPMorgan ensures additional funding to the China bank entity

With supplementary RMB 2.5B (USD 395M), the overall injected funds by JPMorgan total at CNY6.5 billion in three years. JPMorgan China's chairman and CEO Zili Shao stated that the be investment will be utilized for new product development, hiring new personnel, boosting lending possibilities as well as ensuring a wider network for the subsidiary. Consequently, this should allow the bank

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.