Silver rose on greenback's softness

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Rueters
Precious metals except for silver retreated on Monday as market players awaited an outcome of Eurozone's finance ministers' meeting on the next tranche of Greek aid. Investors also were cautious ahead of Ben Bernanke's speech due on Tuesday. However, the downswing was limited by weaker US Dollar and optimism over China's economy.

Gold dipped amid lingering worries over Greek bailout and US fiscal cliff. Moreover, the win of separatist parties in Catalonia may pressurize the Euro, thus sending the yellow metal down.

Silver was the only-gainer despite weak global equities and concerns over the Eurozone and the US. The grey metal found support on broadly weaker US Dollar.

Platinum sank despite fears that strikes may renew in South Africa. Anglo American Platinum plans to publish a business review early in 2013 that is likely to result in job cuts, thus increasing the likelihood of further strikes.

Palladium was the top-loser amid escalating concerns over Greece and the US. However, softer greenback restricted a downward trend.

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