Silver slides despite robust China's demand

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals dived on Monday on concerns that the Fed may end its bond-buying activities amid signs of economic recovery. At the same time, hopes for monetary stimulus in Japan and the Eurozone supported the commodity complex.

Gold traded lower as investors cut their holdings in ETPs by the most since 2008 in February. However, strong physical demand from central banks across the globe continued to limit losses. Also supporting gold prices, Indian government unexpectedly refrained from rising import duty on precious metals last month.

Silver slumped despite signs of robust demand in China. China's silver imports rose by annualized 36% in January, the largest increase since May 2010, according to Barclays. Meanwhile, weakness in gold prices put heavy pressure on the grey metal.

Platinum and Palladium slumped amid mixed China's imports data. The country's imports of platinum surged 12% year on year in January, while palladium purchases slid 19% year on year. However, on a monthly basis palladium imports grew 49% in January. Furthermore, palladium may seek support from a 46% annual increase in car sales in China.
Back to articles

Actual Topics

Tue, 05 Mar 2013 08:08:03 GMT

Aluminum plunges on rising LME stockpiles

Industrial metals apart from copper moved lower on Monday ahead of China's annual legislative session due on Tuesday. Elevated LME inventories as well as persistent global surplus added pressure on the commodity group. Political instability in Italy also sent base metals lower. Aluminum dropped as LME inventories continued to hover near a record high of 5.24 million tonnes. Moreover, weak PMI

Tue, 05 Mar 2013 07:35:04 GMT

Aussie rises as RBA keeps key rate unchanged

The Australian Dollar advanced versus most of the major peers as the RBA refrained from cutting the benchmark interest rate and kept it unchanged at 3%. The Aussie gained as much as 0.4% to $1.0234 at 3:13 p.m. in Sydney from a day earlier, when it fetched $1.0115, the weakest level since July 12. The currency rose 0.1% to 95.42

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.