Precious metals rallied on Tuesday on weaker US Dollar

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Source: Dukascopy Bank
Precious metals posted strong gains as investors expect the ECB's LTRO to inject more liquidity into the Euro Zone's economy by providing 0.5 trillion Euros of cheap bonds. Moreover, announcement of the central bank of Iran that it would accept gold and other hard currencies in exchange for its oil products stimulated price growth. Broadly weaker US Dollar also lent some support to the precious metals' pack. At the same time, silver attained three-month high on Tuesday as the metal gained fresh stimulus after it broke key resistance and sent strong buy signal to the market. Platinum mostly tracked gains of silver while palladium was among the top-performers as firm car sales in Japan pushed the price higher.

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Wed, 29 Feb 2012 17:19:31 GMT

Zinc bolstered by improved manufactoring activity in the US

Industry metals were mixed on Tuesday with advancing zinc and copper and falling aluminum and nickel. Expanding manufacturing activity in the US and improved consumer sentiment in the Euro Zone both created a boost for the base metals' prices. Indications of property market recovery in China also contributed to gains. However, strong price stimulating factors failed to support nickel and

Wed, 29 Feb 2012 16:43:22 GMT

Nikkei 225 index flat on production data amid appreciating Yen

Japan's Nikkei Stock Average traded almost flat on Wednesday as appreciating Yen offset gains from stronger than expected industrial production in January. Nikkei 225 index closed 0.01% or 0.98 points up at 9,723.50. On monthly basis index has jumped 10.5%. Panasonic Corp added 1.5% on announcement it elected a new president to attempt to return to profitability. Toshiba Corp. climbed

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