Precious metals rallied amid hopes for new QE in the US

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Source: Dukascopy Bank
Precious metals rallied on Thursday amid softer US Dollar and solid equities. Weak US labour market data spurred speculation on further monetary easing in the country thus pushing precious metals up. At the same time uncertainty over the Euro Zone's stability grew after Italian and Spanish yields increased thus limiting the gains of the commodity pack. Meanwhile, from the supply side the commodity group found support as South African output of precious metals tumbled by 14.5% last month on an annual rate. Gold advanced by 1.01% while silver was the top-gainer, being supported by increased buying of largest silver-backed ETF. Platinum and palladium joined the rally of gold and climbed for the first time in the last four days.

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Fri, 13 Apr 2012 15:08:58 GMT

Base metals advanced on Thursday after US labour market data

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Fri, 13 Apr 2012 14:06:53 GMT

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