Palladium rallied on short-covering

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Precious metals apart from platinum were bullish on Monday ahead of the US presidential elections due on Tuesday. Meanwhile, investors were also cautious as Greece parliament is preparing to vote on fresh austerity measures on Wednesday.

Gold rebounded on stronger demand for safe-haven assets amid elevated market turbulence ahead of the US elections.

Silver climbed, following gold's suit. However, the upside was limited by broadly stronger greenback and weak global equities.

Platinum was the only loser as profit taking after previous price increases sent the white metal lower. However, the downward trend was restricted by renewed supply concerns in South Africa.

Palladium soared on short covering. At the same time, strength in the US Dollar capped gains.

Back to articles

Actual Topics

Tue, 06 Nov 2012 14:20:17 GMT

Zinc slid ahead of the US elections

Industrial metals plunged on Monday as investors focused on the US presidential elections due on Tuesday. Moreover, weaker-than-expected data from the US and UK services sectors weighted down on the market sentiment. Investors were also cautious as Greece is set to vote on new round of austerity measures to secure the next tranche of the bailout.Aluminum retreated on mounting uncertainty

Tue, 06 Nov 2012 11:53:17 GMT

U.K. stock market gains ahead the U.S. presidential election result

The FTSE 100 Index was up by 0.5% to 5,865.19 in early London trading hours on Tuesday. That was the third time in last four days, as U.K. equity markets advanced, awaited the final outcome of the U.S. presidential election. Also, investors keep focus on the Bank of England and the ECB decisions on the key interest rates and the U.K. monetary policy future

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.