Precious metals tumbled on Tuesday amid stronger US Dollar; platinum resilient

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals excluding platinum declined on Tuesday amid broadly stronger US Dollar and weaker equities. Lower than expected consumer confidence data because of high inflation weighted down on the possibility of new round of quantitative easing in the US. The Fed does not provide any clear information on its further actions thus dampening investors' sentiment. Gold was additionally pressured as India announced it would not reduce its gold import duty. However, gold demand from China and India is expected to stay strong. Platinum was the only gainer on the optimism about the Euro Zone prospects as the Euro Zone remains the key market for platinum auto catalysts. Meanwhile, silver and palladium dropped following the gold's tumble.

Back to articles

Actual Topics

Wed, 28 Mar 2012 13:46:10 GMT

Base metals declined on Tuesday after drop in industrial profits in China

Industry metals were mixed on Tuesday, being pressured by the US Dollar strength and weakness of the global equities. Falling industrial profits in China dented the traders' sentiment essentially thus limiting any upswings of the commodity group. Moreover, Ben Bernanke added to losses of the base metals pack saying that it was too soon to declare US victory while lower

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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.