Silver fell amid lack of ETF buying

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals were mixed on Thursday amid improved sentiment in the Euro Zone's market as Geek socialist party will make the final attempt to form the government.

Gold managed to erase some of the previous losses as US Dollar lost its safe-haven appeal after positive news from Greece.

Silver dropped as buying interest of the largest silver-backed fund is waning and industrial metals stay weak.

Platinum was the top loser as improving situation in the US continued to decrease hopes for more loosening policies from the Fed.

Palladium rallied as better than expected US labour market data boosted hopes for stronger automobile demand in the country.


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Fri, 11 May 2012 17:22:13 GMT

Copper advanced on bargain buying

Industry metals were slightly higher on Thursday as recent price fall created  bargain buying opportunities for investors. Aluminum was the top-loser despite expectation for stable demand from Japan and recent drop in the stockpiles at LME.Copper rose by 0.63% on the increased dip buying and falling stocks at the main exchange warehouses. However, soft equities and weak China's imports capped

Fri, 11 May 2012 17:33:13 GMT

Consumer sentiment index reaches 4 year high

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