Platinum dips as investors cut bets for price increase

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals declined amid signs of weakening investment demand. At the same time, precious metals pared losses after the ECB President Mario Draghi said that the monetary policy will remain loose as long as needed. Moreover, disappointing US jobless claims data lent support to the commodity sector.

Gold traded lower as holdings of gold-backed ETPs stood at 2,435.35 metric tonnes on Thursday, down 7.5% on an annual basis. Supporting the yellow metal, central banks across the globe raised their gold holdings over the past few months.

Silver edged down amid rising inventories, weak China's purchases and soft sales in the US. The US Mint reported sales of American Eagle silver coins dropped for the second straight month in March.

Platinum plunged as investors do not expect an increase in prices. In the week ended March 26, money managers cut their bets on rising prices for the sixth consecutive week to 24,375 contracts, the lowest level since November.

Palladium was the top-loser on concerns over industrial demand prospects as car sales in Europe prolonged slump. Total car and light trucks sales in Europe declined for the fifth month in a row in February.
Back to articles

Actual Topics

Fri, 05 Apr 2013 07:28:08 GMT

Nickel flat amid global surplus and elevated stocks

Base metals apart from nickel advanced on Thursday despite worries over rising global inventories and weak China's demand. However, industrial metals found support on Mario Draghi comments that the ECB will continue its easing measures as long as needed. Aluminum climbed as cancelled warrants at the LME continued to rise, indicating strong spot demand. Adding to gains, stockpiles at the LME

Thu, 04 Apr 2013 15:42:06 GMT

German shares plunge on growing concerns over the Euro-area's debt crisis

European stocks retreated on Thursday amid negative data on the U.S. economy and Draghi's woes over the Eurozone's debt crisis. The DAX Index decreased 0.7%, or 47.16 points, to 7,879.23. The leading sectors were telecommunications and health care that added 2.2% and 1.7%, respectively. Fresenius Medical Care AG & Co KGaA surged 4.1% to 56.25 euros, as the company's shareholders

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.