Palladium dips on looming US debt ceiling debates

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals continued a bearish trend on Monday despite broadly weaker US Dollar and hopes that the Fed will keep its loose monetary policy in place amid weakness of the labour market. Creating heavy pressure on the commodity group, investors remained cautious ahead of the ECB press conference due on Thursday.

Gold declined despite easing concerns that the Fed will stop its stimulus measures well before December 2013. The yellow metal may seek further support from rising holdings of the central banks across the globe.

Silver moved in sync with gold as market players remained jittery ahead of the ECB press conference and looming debates over lifting the US debt limit.

Platinum slumped but losses were limited due to expectations that the Fed will continue its easing program in the nearest term.

Palladium was the top-loser amid mounting uncertainty over the US debt ceiling talks. However, the metal may witness gains in the medium term as supply constraints coupled with growth of the global automobile industry may create an upward pressure on prices.  

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Tue, 08 Jan 2013 08:48:26 GMT

Canada Dollar rises on a business gauge increase

The Canadian Dollar, also known as Loonie, increased by 0.1% versus the U.S. Dollar to 98.59 cents in the end of Toronto trading session on Monday. The Loonie increases for the second day against the U.S. counterpart, as a gauge of business activity exceeded estimations in December, signalling faster economic growth. The actual number was 52.8, following 47.5 in November,

Tue, 08 Jan 2013 11:25:05 GMT

Asian stocks fall as Japan exporters decline

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