Gold rose and silver surged 4 percent on Wednesday.
Copper rallies to 2-week high.
LME stocks of aluminium rose 1,325 tonnes.
Oil up on surprise storage data. Gold and Silver market Data
Gold rose and silver surged 4 percent on Wednesday, as rallying crude oil and grain prices and lingering worries about a European debt crisis lifted precious metals in a commodity rally. Copper rallied to a two-week high on Wednesday, as investors returned to commodity markets, but doubts about short-term fundamentals are expected to cap prices. A stronger dollar can hit dollar-denominated oil prices by raising the price for consumers using other currencies.
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Copper rallies to 2-week high.
LME stocks of aluminium rose 1,325 tonnes.
Oil up on surprise storage data. Gold and Silver market Data
Gold rose and silver surged 4 percent on Wednesday, as rallying crude oil and grain prices and lingering worries about a European debt crisis lifted precious metals in a commodity rally. Copper rallied to a two-week high on Wednesday, as investors returned to commodity markets, but doubts about short-term fundamentals are expected to cap prices. A stronger dollar can hit dollar-denominated oil prices by raising the price for consumers using other currencies.
MCX Gold and Silver Tips FREE On Mobile Click Here
