Base metals advanced after Fed report on Wednesday

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Source: Dukascopy Bank
Industry metals apart from nickel advanced on Wednesday on softer greenback and positive signs from the world's largest economies. Fed assessment of the US economic state indicated that the country's economy grows at the moderate pace. Moreover, positive data from the Pacific region spurred the rally of the base metals pack. Aluminium was the top-performer on the improving demand prospects while copper was only marginally higher as China's consumption remained uncertain. Zinc continued to draw strength from medium-term supply concerns as major Canadian and Austrian mines are likely to be exhausted by 2013. Nickel was the only loser as escalating energy prices coupled with weak spot demand blocked an upside of the metal.


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Thu, 12 Apr 2012 20:36:55 GMT

Energy commodities moved up on falling US fuel inventories

Energy commodities excluding natural gas rose after several days of losses on Wednesday, being bolstered by the Fed report that indicated stable growth of the US economy.  Moreover, sharp fall of the US fuel inventories offset a buildup of the crude oil stocks thus pushing energy prices up. However, in case negotiations between Iran and Western economies that started on

Thu, 12 Apr 2012 20:15:55 GMT

Precious metals sank despite weaker US Dollar

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