Precious metals rallied on Friday amid lower UD Dollar

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals, except for palladium, advanced on Friday as slower than expected US economic growth and softer US Dollar stimulated rally started after Fed's monetary policy decision. Palladium, the only loser, followed growth-sensitive base metals' fall. Hedge funds and large speculations increased their net long positions in gold and silver.  However, precious metals started Monday on a negative note amid lower Asian equities and mass credit cuts by Fitch Ratings. Expected optimistic data releases from the US may create additional pressure on the precious metals price.

Back to articles

Actual Topics

Mon, 30 Jan 2012 14:44:07 GMT

Industry metals showed strong sesitivity to US data

Industry metals, except for nickel, tumbled on Friday amid fresh concerns over the Euro Zone crisis after Fitch Ratings downgraded Spain and Italy and EU leaders failed  to agree on the Greek debt swap. Moreover, slower than expected US growth pace fuelled the downward move of base metals. At the same time, increasing cancelled warrants for aluminium, nickel and copper

Mon, 30 Jan 2012 16:47:55 GMT

Dow Jones Index declines as US economy expands less than expected

Dow Jones Industrial Average Index declined on Friday after the government reported that 4th quarter economic growth reached 2.8% instead of expected 3%. Blue chip index lost 0.58% or 74.17 points and settled at 12,660.46 with all nine sectors posting losses. Chevron dropped 2.5% after announcing its quarterly net profit and revenue far below analyst expectations. Procter&Gamble fell 0.7% after

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.