Silver rose ahead of FOMC meeting

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals apart from gold moved higher on Monday as global easing speculation continued to provide support for the commodity group. However, solid greenback created pressure on precious metal's price.

Gold ended the day with slight loss of 0.08% as investors were cautious ahead of two-day FOMC meeting due to start on Tuesday.

Silver managed to gain 1.57% on stronger global equities and speculation that the Fed and ECB will loosen their monetary policies to boost growth.

Platinum added 0.43% after Platfields released an open letter to the South African government calling for assistance in declining  platinum industry.

Palladium was top-gainer on strong performance of base metals. Meanwhile, market participants reduced net long positions in the precious metal, according to Kitco.

 

Back to articles

Actual Topics

Tue, 31 Jul 2012 12:44:50 GMT

S&P 500 dropped on weak manufacturing data from US

US stocks started Monday on a positive note amid hopes for easing measures from the Fed and ECB. However, equities drifted lower after release of weak regional manufacturing report. S&P 500 dropped 0.5% to close at 1,385.30. Telecommunications sector was the top-performer, climbing 0.65%. Sprint Nextel advanced 4.64% while Frontier Communications Company remained unchanged. Utility firms also moved higher with

Tue, 31 Jul 2012 11:10:51 GMT

Spain regional redemptions hurt existing bondholders

Spain's government has doubled loans for 17 semi-autonomous regions to 41 billion Euros, as local authorities failed accessing capital markets to get debt redemptions, defray suppliers and fund the deficits. Terms of the backstops determine that in the case of region's default government would get repaid before existing bondholders.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.