Commodity Blog |
| Good US Data Results in Rally of Precious Metals Posted: 01 Feb 2013 01:35 PM PST Precious metals rallied today as positive data from the United States spurred talks that stimulus from the Federal Reserve may bolster economic growth and inflation, increasing demand for the metals as a result. US nonfarm payrolls grew by substantial 157,000 in January. While the unemployment rate ticked up a little to 7.9 percent, the employment data was received by markets well. Other reports were also good. The University of Michigan Sentiment Index [...] |
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