Gold slides on US monetary policy uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals except for silver moved lower on Friday on renewed concerns that the Fed may end its growth-boosting activities sooner-than-expected amid upbeat US data. Moreover, worries over political instability in Italy pushed the US Dollar higher, putting additional pressure on the commodity complex.

Gold retreated on signs of weak investment demand and anticipation of a further decline in prices. Assets in the SPDR Gold Trust, the largest gold-backed exchange-traded fund, reached a six-month low, while speculators cut bets on a rise in gold price by 40% in the second half of February.

Silver was the only gainer after the data showed ETF investors added 18 metric tonnes of the grey metal to their holdings in the week ended March 3. Silver holdings attained 20,189 metric tonnes, hovering near the all-time high of 20,362 metric tonnes.

Platinum and Palladium dropped on worries that the Fed may end its bond-purchases. However, better-than-expected vehicle sales in the US last month limited the downswing. Total vehicle sales approached 15.4 million units in February, compared to a forecast of 15.1 million units.
Back to articles

Actual Topics

Mon, 04 Mar 2013 08:44:04 GMT

Aluminum plunges on rising LME stockpiles

Industrial metals apart from nickel tumbled on Friday on weak PMI data from the Eurozone and US. Final manufacturing PMI in the US reached 54.3 last month, compared to expectations of 55.6. Moreover, political uncertainty in Italy as well as solid greenback weighed on base metals. Aluminum declined amid soft demand and elevated LME stockpiles. Stocks at the LME rose 950

Mon, 04 Mar 2013 09:54:04 GMT

Taiwan's Dollar forwards fall after China's PMI data

Taiwan's Dollar forwards declined as China's PMI dropped to 50.1 in February, the lowest level in five month, clouding the outlook for exporters to the nation's biggest market. One-month non-deliverable forwards fell 0.1% to NT$29.688 per U.S. Dollar, while one-month volatility rose 8 basis points to 4.83%.

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.