Precious metals rise as demand from China weakens

Note: This section contains information in English only.
Source: Bloomberg
Precious metals mostly gained on Friday trading session after a government report showed that the world's largest economy rose slower in the last quarter of 2013 and as China's currency weakened pushing demand from the region lower. Silver for settlement in May rose 0.2% to $21.31 an ounce, palladium surged 0.1% to $744.50 an ounce, while platinum fell 0.2% to $1,450.30 an ounce.

Back to articles

Actual Topics

Fri, 28 Feb 2014 15:01:45 GMT

U.S. economy grows slower than originally forecast in Q4

Economic growth of the world's largest economy was downwardly revised from 3.2% showed in an original report to a level of 2.4% in the December quarter, the Commerce Department showed on Friday. The report also unveiled that the U.S. consumer spending advanced at a slower rate than initially estimated in the Q4.

Fri, 28 Feb 2014 15:17:12 GMT

Australia's dollar reverses its biggest monthly advance

It is projected that the Australian Dollar will end its biggest advance since September as the economy signals that the limited growth will decrease yields. Australia's currency advanced 2.4% this month, the largest gain among 10 major counterparts after Norway and New Zealand. The Aussie was little changed at 89.63 cents at 5:45 p.m. in Sydney, slipping from the level of 90.81 touched on Feb.

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.