Chile earthquake may boost gold, metal prices

The devastating  earthquake which hit Chile in February has caused gold and other metal prices to rise, Art of Jewellery  reported.

According to the report, the London Metal Exchange saw copper prices jump  5.6%, amid concerns the quake may  disrupt supplies.

“Base metals rallied strongly due to the earthquake in Chile and this is one factor that has been pushing other commodity prices up”, said Peter Fertig, the owner of Quantitative Commodity Research in Hainburg, Germany. A strengthening euro is also supporting gold prices, he added.

Courtesy of Israeli Diamond Industry Portal

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s