Palladium fell despite long-term optimism

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals continued to be pressured by renewed concerns over the Euro Zone's debt crisis ahead of the key Spain's bond auction on Thursday that will define a future trend of the commodity group.

Gold tumbled amid the greenback's strength against the Euro caused by escalated concerns about the Euro Zone's growth perspectives. Weak physical demand from Asia also contributed to the decline of the yellow metal.

Silver was marginally lower, being pressured by softer global equities; however, upgraded world's economic outlook and greater contributions to the IMF limited the downswing.

Platinum and Palladium declined despite fast recovery of the Japan's car market and positive long-term outlook as the largest auto producers plan to commercialize fuel cell vehicles by 2015.

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Thu, 19 Apr 2012 14:33:14 GMT

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