Precious metals jumped after Fed comments

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Source: Dukascopy Bank
Precious metals rallied on Monday after Ben Bernanke hinted on continuation of the Fed current monetary policy with record low interest rates. The announcement was interpreted as a possible sign of new round of quantitative easing in the country that spurred the precious metals price. More stable situation in the Euro Zone also created a spree for the commodity group, especially for gold, that tended to move inversely to the US Dollar value against the Euro. Silver was among the top-gainers, despite being exposed to the dismal pending home sales data in the US. Palladium and platinum mostly tracked the yellow metal's suit but their upswing was slightly capped by slowdown of China's economy.

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Tue, 27 Mar 2012 17:40:17 GMT

Industry metals moved higher on Monday on prospects of easing in the US

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Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

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