Palladium soars on deficit forecasts

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Precious metals except for silver moved higher on Thursday amid broadly weaker US Dollar and solid global equities. Optimism over Greek bailout also helped to boost the market sentiment. Meanwhile, trade volumes were light as US market was closed for Thanksgiving Day holiday.

Gold closed slightly higher on physical demand-side support. Central banks  of Kazakhstan, Turkey, Russia and Brazil increased their gold holdings last month. Softer US Dollar also lifted the yellow metal.

Silver dropped as a decline in iShares ETF holdings indicated fading investment interest. Holdings of iShares ETF plunged 61.73 million tonnes to 9818.07 tonnes on Thursday.

Platinum noted some gains, following cues of potential increase in industrial demand amid better-than-expected PMI data from the US, Chin and the Eurozone.

Palladium jumped on hopes for progress in Greek bailout talks. Moreover, an expected deficit on the market this year provided a supply risk premium for the precious metal.

Back to articles

Actual Topics

Fri, 23 Nov 2012 09:31:02 GMT

Asian currencies appreciate on region's enhanced economic outlook

Asia's currencies are set to gain this week, driven by optimism the regional economy will recover, and Philippine peso. The currency appreciated 0.6% to 41.073 per dollar, while the South Korean Won strengthened 0.5% to 1,086.25 and Malaysia's Ringgit surged 0.5% to 3.0591 this week. Meanwhile, the Chinese currency Yuan added 0.13% to 6.2277. The economic outlook improved as Chinese

Fri, 23 Nov 2012 09:09:06 GMT

Asian stocks rise, while Japanese markets are closed today

Asian stocks rallied, led by advance in rare-earth companies, and Taiwan shares rose as the nation's finance minister' s statement concerning government-controlled funds that should buy equities at lows. The MSCI Asia Pacific Excluding Japan Index gained 0.5% to 442.08, heading for its weekly increase in 3 weeks. South Korea's Kospi Index climbed 0.4% and Hong Kong's Hang Seng added

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.