Platinum gained on global supply concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precocious metals rallied for the third consecutive session on Wednesday on hopes that the Fed will prolong its stimulus measures. In the recent speech, Ben Bernanke stated he is still unsatisfied with the pace of economic recovery. At the same time, the upward trend was limited by profit-taking and solid greenback.

Gold lost momentum as worries over the global economic outlook started to outweigh expectations of Fed continuing its easing measures.

Silver climbed, moving in sync with gold. The grey metal remained well-supported by a signs of robust investment demand. ETP silver holdings surged 4.8 tonnes to a record high of 19,065 metric tonnes.

Platinum advanced for the seventh session in a row, driven by supply shortage concerns. Anglo American Platinum announced it would cut 14,000 jobs in South Africa and reduce output by 400,000 ounces per year that is 7% of global production.

Palladium rose as hopes for monetary stimulus across the globe improved industrial demand outlook for the metal. However, the upswing was capped after the data showed  a 8.2% decline in EU car sales in 2012.

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