Precious metals fell on China's data on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals were mostly lower on Monday amid broadly weaker US Dollar and stronger equities. Precious metals were balancing between improved commodity imports in China and wider China's trade deficit. The slowdown of China's economy may impact middle class that is major consumer of gold's jewelry. The commodity group also continued to face increased volatility as investors eye developments across the second Greek bailout package. Other precious metals mostly tracked gold's trend. However, platinum remained more resilient to macroeconomic data and managed to climb by 0.64%. Meanwhile, traders are cautious ahead of Fed meeting that is not likely to announce quantitative easing in view of recovering US economy.

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