Palladium rose on expected deficit in 2012

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals fell on Tuesday ahead of key meeting of the Fed due on Wednesday as hopes for the new round of QE in the US are weak. Furthermore, political turmoil in Greece continued to impact commodity markets.

Gold was pressured by strong US Dollar that gained momentum on the Euro Zone's economic and political woes.

Silver fell on weak global equities. Moreover, decreasing ETF silver exposure pushed the white metal down. I-shares silver holding dropped to 9,465 tons from 9,585 tons last week.

Platinum declined despite speculation that there will be slight deficit in the market this year because of supply disruptions in South Africa.

Palladium managed to climb by almost 1% after news that the Euro Zone avoided recession, reporting zero growth in Q1. Moreover, expected deficit in the market in 2012 created momentum for the precious metal.

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