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.

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Tue, 06 Nov 2012 14:20:17 GMT

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