Platinum jumps on supply side support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals were mixed on Wednesday amid appreciating US Dollar and increased caution ahead of the ECB press conference due on Thursday. Moreover, looming debates over the US debt ceiling continued to dampen market sentiment. However, expectations for stronger physical demand for precious metals were supportive for the commodity group.

Gold eased as US Dollar strength created heavy pressure on the yellow metal. Meanwhile, gold may be lifted by a seasonal increase in physical demand from China. China's gold imports attained a seven-month high in November and the trend is likely to persist ahead of the festival season.

Silver witnessed mild losses amid solid greenback and uncertainty over the US debt limit debate. However, the downswing was capped by firmness in global equities and hopes for a rebound in industrial demand.

Platinum and Palladium were bullish due to strong supply side fundamentals. Physical markets are likely to face a deficit of both metals this year. Moreover, supply deficit may be further exacerbated by a potential increase in industrial demand amid signs on global economic recovery.

Back to articles

Actual Topics

Thu, 10 Jan 2013 10:20:04 GMT

Nickel climbs despite weak fundamentals

Industrial metals were mixed on Wednesday as risk appetite weakened ahead of the ECB press conference due on Thursday. Concerns over the US debt limit dispute also weighed on the market sentiment. Adding to losses of base metals, German industrial production increased by 0.2% in November versus a forecast of a 1.1% jump.Aluminum extended previous gains on hopes for robust

Thu, 10 Jan 2013 09:47:04 GMT

Oil rises on China's export data

Oil advanced for the first time in 3 days as China posted positive export data, which surpassed economists' expectations, signalling economic growth in the world's second biggest crude consumer. Crude for February settlement rose 43 cents to $93.53 a barrel and traded at $93.47 as of 12:55 in Singapore. Brent for February delivery gained 18 cents or 0.2% to $111.94

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.