Gold rallied amid weak job reports from the US

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Source: Dukascopy Bank SA
Precious metals rallied for the second trading day on Friday as weaker-than-expected US job reports fuelled hopes for stimulus measures in the US. Recent ECB decision on unlimited bond-buying program also continued to lend support for the commodity group.

Gold soared amid broadly weaker US Dollar and hopes for easing in the US amid weak labour market.

Silver followed the yellow metal's suit, surging 3.20% on disappointing US labour market data.

Platinum was bullish on news that labour unrest at Lonmin's South Africa mine continued as miners refused to return to work unless the company increases wages.

Palladium moved higher, tacking strong performance of global stock market and base metals group .

 

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Mon, 10 Sep 2012 10:38:41 GMT

Aluminum rose on rebounding vehicle demand

Base metals surged on Friday, boosted by mounting hopes for the Fed stimulus. Adding to the positive mood of the industrial metals, China's government approved infrastructural projects worth more than USD157 billion in an attempt to revive economic expansion. Aluminum climbed on brighter demand prospects from vehicle market. Speculation that the Fed will loosen its monetary policy also buoyed the light

Mon, 10 Sep 2012 09:08:47 GMT

Asian stocks are mixed on Monday

Asian stocks traded mixed as data from the U.S., Japan, and China, which indicated weakening growth in the world's largest economies, increased speculation central banks would add stimulus measures. The MSCI Asia Pacific Index swung between a 0.3% gains and 0.2% losses. Australia's S&P/ASX 200 Index, Hong Kong's Hang Seng Index and South Korea's Kospi Index were little changed.

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