Metals indexes give precious performance

Precious and industrial metals make good returns in 2012

Industrial and precious metals have boasted strong returns at the start of 2012, exemplifying a surge in confidence towards commodities this year. The S&P GSCI Precious Metals index was up 13.46% year to date, with industrial metals following closely with an increase of 9.37%.

These results show a marked difference to 2011, during which industrial metals declined 22.33% and were the worst-performing commodity sector, according to the S&P GSCI Industrial Metals index.

The sharp rally in industria