Palladium tracked platinum's losses

Source: Dukascopy Bank
Precious metals were mixed on Thursday amid broadly stronger Euro and indications of the global easing of monetary policies. Silver and gold were mainly bolstered by firm equities as well as stronger demand for alternative assets in view of geopolitical tensions in Mideast. At the same time, platinum ended the day on the negative note as recently announced decrease in Impala Platinum Holdings' output created only short-living momentum for the metal. Palladium mostly tracked moves platinum and faced loses on Thursday. Moreover, both metals may be pressured in the long run due to expected increase in production of Magma Metals Limited and Stillwater Mining.

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Fri, 24 Feb 2012 16:51:09 GMT

Industry metals fell on weak China demand and bleak EU outlook

Base metals tumbled on Thursday after the EC cut its growth forecast for the Euro Zone. Further, weak China's demand coupled with choppiness in the US Dollar both dampened the market sentiment. Aluminium futures dropped even despite increased cancelled warrants at LME. At the same time, supply concerns for copper from the renewed strike in Freeport's Grasberg mine and falling

Fri, 24 Feb 2012 16:26:59 GMT

DAX index surges on SAP AG increase in payout

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