Gold jumps on soft greenback, China's demand

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals started the week on the positive note as persistent concerns about US debt ceiling talks sent US Dollar lower. Moreover, speculation that the Fed will make no changes to its easy monetary policy boosted the commodity group. Bright physical demand perspectives also supported precious metals.

Gold climbed on weaker greenback after US Treasury Secretary Timothy F. Geithner said a failure to raise the debt ceiling may "impose severe economic hardship". Strong China's demand ahead of the festival season also lifted gold prices.

Silver followed gold's suit, gaining 2.1% on soft greenback and  hopes that the Fed will stick to its loose monetary policy.

Platinum attained almost a three-month high after the world's top producer, Anglo American, said it will post a loss for 2012 because of strikes in South Africa.

Palladium moved higher as deficit on the physical markets is exacerbated by positive industrial demand outlook. Global car sales are expected to advance 2.4% to 82.7 million in 2013, according to LMC Automotive.

Back to articles

Actual Topics

Tue, 15 Jan 2013 09:12:05 GMT

Aluminum slumps amid annual index rebalancing

Industrial metals dropped on Monday amid weak data releases from the Eurozone. The Eurozone's industrial production slid 0.3% versus a forecast of a 0.2% increase in November. Adding to the negative mood of base metals complex, investors have become increasingly concerned about US debt ceiling dispute.Aluminum tanked amid ongoing index funds rebalancing that are likely to cut weight of the

Tue, 15 Jan 2013 08:01:05 GMT

Asian equity increases as Japan exporters are in better situation

The MSCI Pacific Index was higher by 0.2% to 132.39 points by midday in Asian trading session on Tuesday. The region gauge extends an upside movement for a third month in a row, heading for the highest level since August, 2011, as previous data indicated China's economy recovery and on speculation that Japanese Prime Minister will reach more aggressive monetary

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.