Palldium was the top-loser on Wednesday amid weak demand

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals fell on Wednesday amid stronger US Dollar and steady equities. Stabilization of the US and EU economies also continued to damped the safe-haven appeal of the metals pack. Moreover, lack of interest in precious metals purchases from large gold and silver-backed funds blocked any upside move. The yellow metal was only marginally lower as it managed to find support on the plans to increase British gold reserves. Silver mainly tracked the gold trend while platinum and palladium, being more growth-sensitive, faced strong downward pressure from pessimistic China's PMI data. At the same time, palladium, the top-loser, was also depressed by the plunge of Norilsk Nickel stocks because of weak China demand for palladium and nickel.

Back to articles

Actual Topics

Thu, 22 Mar 2012 18:02:10 GMT

Base metals tumbled after China's PMI data

Industry metals except for copper tumbled on Wednesday on the firmer Dollar and weak equities. China's PMI data that indicated contraction weighted down on the metals and is likely to stay the main correction factor for the base metals price. Weaker than expected US housing market data also added to the negative mood of the commodity pack. At the same

Thu, 22 Mar 2012 15:34:11 GMT

DAX 30 index tumbles on weaker PMI data

German DAX index tumbled on Thursday as weaker than expected manufacturing activity in March both in China and Euro Area boosted worries, the global economy may fall back into recession. All nine sectors within the index posted losses led by car makers and financials. Deutsche Bank AG lost 2% and Commerzbank AG fell 2.7%. Volkswagen AG declined 1% and BMW

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.