Precious metals continued yesterday's rally

Note: This section contains information in English only.
Source: Dukascopy Bank
Precious metals continued the previous day's rally, following the release of reports that the IMF is exploring the ways how to boost its lending capacity. Weaker US Dollar after slower than expected US industrial production also contributed to an increase in precious metals' prices. Moreover, GFMS expects the gold to hit $1,640 an ounce in the first half of the year and to rally later in 2012 on the low interest rates and potential monetary easing. Rallying gold and equities are likely to push other precious metals higher, especially silver. However, a decrease in silver holdings of the silver-backed ETF and further economic data releases from the US may create downward pressure on silver price.

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