Stocks are higher in Europe after gains in Asia despite losses on Wall Street yesterday. Gold and silver are showing tentative gains after 1% declines yesterday. Gold is particularly strong in yen terms as the yen has weakened against all major peers.
Gold is marginally lower in all currencies today, except sterling, after UK retail sales plunged in March due to deepening inflation. Silver has recovered somewhat from yesterday's sell off and is nearly 1% up against major currencies.
Last year Zambian copper output reached 697,860 tonnes from 17 privately-owned mines. With copper production rising by 16% in the first half of 2010 the country is on course to this year hit 750,000 tonnes - a level last seen in 1973.