Palladium tracked platinum's losses

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Source: Dukascopy Bank
Precious metals were mixed on Thursday amid broadly stronger Euro and indications of the global easing of monetary policies. Silver and gold were mainly bolstered by firm equities as well as stronger demand for alternative assets in view of geopolitical tensions in Mideast. At the same time, platinum ended the day on the negative note as recently announced decrease in Impala Platinum Holdings' output created only short-living momentum for the metal. Palladium mostly tracked moves platinum and faced loses on Thursday. Moreover, both metals may be pressured in the long run due to expected increase in production of Magma Metals Limited and Stillwater Mining.

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