Platinum fell as South Africa's output may grow

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals fell on Tuesday ahead of key Fed statement due on Wednesday. The Fed decision will determine commodity price moves in the nearest term.

Gold lost 0.6% after Span's borrowing costs surged to unsustainable level.

Silver dropped despite stronger global equities that gained a spree after G-20 members hinted for easing bailout term for Greece.

Platinum eased down on potential supply increase from South Africa due to more favorable production conditions in the country. However, expected monetary easing from the Fed restricted the downward move.

Palladium was resilient over the first half of the day but ended the day on a negative note. Turmoil in the Eurozone and mixed property data from the US both weighted on the precious metal.


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