Palladium falls on profit-taking

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals except for platinum finished the week on the negative note after the data showed higher-than-expected inflation in China last month. Chinese CPI rose to an annual rate of 2.5% versus a forecast of 2.3%. Inflationary pressure weighed on expectations for stimulus from the POBC.

Gold sank as accelerating inflation in China created notable pressure. However, the yellow metal continued to draw strength from a robust physical demand from China ahead of festival season.

Silver was the top-loser, tracking weakness in gold prices. Adding to the negative mood of the grey metal, hedge funds and other large speculators cut their net-long positions in silver futures in the week ended January 8, reported CFTC.

Platinum was the only gainer, being supported by weaker greenback and Thursday's  positive trade data from China.

Palladium eased as investors sold the precious metal to lock in profits after the previous rally. At the same time, a deficit on the physical market and strong demand from auto-industry continued to lend support for the metal.

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