Gold rose on speculation on pronanle easing by Fed on Monday

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Source: Dukascopy Bank
Precious metals were mixed in thin Monday trade as gold and platinum advanced while silver and palladium retreated. Broadly weaker US Dollar after disappointing US payroll data spurred the commodity group while weaker equities limited the gains. Investors continued to anticipate fresh measures from the Fed as soft labour market returned hopes on more accommodative polices. Gold was the top-gainer as the yellow metal was bolstered by expectations for stronger demand from India after the strikes ended. India's Finance Minister promised to reconsider newly imposed tax on gold imports. Moreover, China is likely to increase gold buying to hedge against accelerating inflation. Silver and platinum, being more growth sensitive, followed the stocks' moves while platinum tracked gold's suit.


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Tue, 10 Apr 2012 19:20:25 GMT

Energy commodities tumbled on Monday amid eased supply concerns

Energy commodities except for natural gas were lower on choppy trade on Monday along with weaker US Dollar and softer global equities. Easing supply concerns after Iran entered negotiations with Western economies regarding its nuclear programme weighted down on the commodity group. Moreover, demand from the US and China may weaken after disappointing US labour market performance and growing CPI

Tue, 10 Apr 2012 18:32:51 GMT

Switzerland's unemployment rate almost unchanged at 3.1% in March

Swiss jobless rate eased down to unadjusted 3.2% last month as compared to 3.4% in February. Experts projected the unemployment rate to approach 3.3% last month. The number of individual without job decreased by 6,762 to 126,392 in March.  After the data release, the Swiss Franc remained lower against its US counterpart and USD/CHF traded at 0.9211, appreciating by 0.36%.

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