Silver and Copper gain on weaker dollar

Source: Forexpros

Silver and Copper futures increased on the Comex division of the New York Mercantile Exchange showing a positive correlation with the gold futures that increased on the weaker USD against Euro. Silver for March delivery surged by 2.95% to USD 32.01 a troy ounce while copper futures for March delivery gained 3% to USD 3.382 a pound.

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Mon, 28 Nov 2011 14:48:39 GMT

Japan's Nikkei 225 recovers

Japan's Nikkei Stock Average added 1.56% on Monday trade partly recovering from last week losses. Index closed at 8,287.49 or 127.48 points up as European leaders declared they have agreed on way how to finance EFSF salvage fund. Commodity sector companies and banks were the major gainers in Japanese markets. Nomura Holdings Inc. surged 4.4%, JX Holdings Inc. gained 3.1% whereas Sumitomo Metal Industries Inc. jumped

Mon, 28 Nov 2011 14:51:08 GMT

Thailand factory output slides on flooding

The factory output of Thailand decreased by 35.8% in October after the most severe flooding in the last 50 years. The floods impacted seventh largest industrial regions of the country. The output of disk drives declined by 52.45% in October with the overall fall in electronics production of 45.5%. Car manufacturing tumbled by 61.3%.

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