Gold joins stocks and crude oil rally

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Source: Dukascopy Bank
Precious metals rallied on Tuesday with the Dow Jones-UBS Previous Metals Index advancing by 1.64% amid improved risk appetite on lingering worries over the mass Euro Zone downgrades. Gold was also strongly supported by expectations of further easing in China and by softening US Dollar. Moreover, soaring stocks and crude oil coupled with an increase in ETF gold holdings created upward pressure on the precious metals' price. However, upswing may be capped by the increased Indian tax on gold and silver imports.

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Wed, 18 Jan 2012 16:52:56 GMT

Industrial metals soar driven by copper

Industrial metals soared on Tuesday following stronger than expected economic data from China. Aluminium and zinc were the top performers gaining 3.01% and 2.04%, respectively. At the same time, rallying copper appears to drive the upward trend of the commodity group. However, growing LME warehouses coupled with weak physical demand are likely to cap the upside of zinc. International Lead

Wed, 18 Jan 2012 16:17:30 GMT

FTSE fluctuates between gains and losses on Wednesday

FTSE 100 Index opened 0.4% down on Wednesday, after World Bank cut its global growth forecast for 2012. However, UK benchmark index recovered later gaining 0.1% 5,701.54,  as IMF announced it will provide a $1 trillion loan program, and Germany successfully sold bonds. On the upside the index was supported by  Essar Energy PLC which rallied 8.82% while Man Group

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