Precious metals rallied on Tuesday on weaker US Dollar

Note: This section contains information in English only.
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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