Gold tumbled amid turmoil in the Euro Zone

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals tumbled on Wednesday amid lingering concerns over political and economic crisis in the Euro Zone. Broadly stronger US Dollar also weighed on the commodity pack.

Gold extended previous losses, falling by almost 1% during heavy trading on Wednesday. The Euro Zone's turmoil continued to increase safe-haven appeal of the US Dollar thus creating pressure on the yellow metal.

Silver mostly followed weakness of the global equities. Recent improvement of the US economy also added to losses of the white metal as hopes for easing measures from the Fed vanished.

Platinum and palladium both were lower amid Euro Zone's economic and political uncertainty and potential increase in supplies as Platinum Group Metals Ltd. expanded its Waterberg discovery.

Back to articles

Actual Topics

Thu, 10 May 2012 15:59:10 GMT

Nickel may gain on lower iron-ore prices

Industry metals followed bearish trend on Wednesday along with slowing China's demand and uncertainty over the Euro Zone's debt crisis.Aluminum declined amid fresh elections worries in the Euro Zone; however, improving spot activity may support the metal in the following sessions.Copper attained three-week low, sliding under 8,000 US Dollars per ton as risk-appetite among investors was dented by turmoil in

Thu, 10 May 2012 14:33:10 GMT

US trade gap is wider than anticipated

US trade deficit in March was larger than more than anticipated. It increased by around 14%, to USD 51.8b. Value of imports was slightly above USD 286b. Value of exports reached USD 186.8b.  It increased by USD 5.3b from February and was mainly driven by exports of fuel oil and chemicals. 

Subscribe to "Fundamental Analysis" feed

Souscrire
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.