Precious metals mixed amid pessimistic economic data

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Source: Dukascopy Bank
Precious metals were mixed on Tuesday amid negative signs from the Euro Zone. Concerns over the EU recovery were lingered as Spanish and Italian bond yields are growing while France faced no growth in Q1. Investors turned to gold as safe-haven asset after a drop of the US equities and expectation for fresh easing measures from the Fed. Meanwhile gold's rally remained limited as India's gold sales tumbled by 80% on an annual basis despite the end of jewelers' strike. Silver mainly tracked the yellow metal's trend while palladium and platinum declined amid global growth concerns. Platinum slumped despite fall in supply as Modikwa Platinum Mine reported on a 21,000 ounces platinum loss caused by strike.

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Wed, 11 Apr 2012 14:29:56 GMT

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