Precious Metals Post Big Gains
Jessica Menton | Feb 21, 2012 5:06pm EST | 1min:15sec
Gold rose nearly two percent today after the finance ministers of Eurozone countries finally agreed on a rescue package for Greece. The whole plan is worth about $172 billion and is designed to keep the country from defaulting on its bonds. A number of critics think the EU just kicked the can down the road so to speak and that Greece will end up defaulting anyway. But for today at least gold was up and in fact all precious metals gained value.
It helped that the dollar fell and the price of other commodities like crude oil and copper climbed.
Gold is having a great year so far. Since the end of December it has climbed nearly 14 percent.
The white metals were the biggest winners of the day. Silver was up 3.6 percent palladium gained 2 percent and platinum jumped 2.4 percent.
