Base metals ended last week on a positive note

Source: Dukascopy Bank
Industry metals ended last week on a positive note as progress over the Greece receiving the second bailout package and improved situation in the US labour market both contributed to the rally. However, weaker global stocks and dismal China's data capped the upswing. Copper and nickel faced falling inventories and better spot demand that pushed the price for these metals up. Copper also drew some strength from a 17.1% rise of China's imports. Aluminium futures advanced by 1.54% but stockpiling at Shanghai warehouses limited the gains. Meanwhile, zinc inventories continued to hit record high levels restricting any jump of the metal's price.
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Mon, 12 Mar 2012 15:16:25 GMT

Natural gas advanced on technical buying

Energy markets closed higher on Friday on the inspiring data from the US labour market and anxiety over tensions between Iran and Western economies. Moreover, positive outcome of the Greek debt swap talks created fresh stimulus for the base metals pack. However, from the demand side, slowdown of Chin's economy continued to weight down on the group. Weaker world's equities

Mon, 12 Mar 2012 14:52:23 GMT

Precious metals rallied after Greece secured the second bailout

Precious metals posted gains on Friday after Greece announced it has secured the second bailout. However, stronger than expected US labour market data lifted the greenback thus creating an additional pressure on the commodity pack. Further, weaker global equities also weighted down on the commodity group.  Meanwhile, large gold and silver backed funds continued to show interest in precious metals

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