Teck (NYSE:TCK), Freeport (NYSE:FCX), Southern Copper (Nasdaq:SCCO) Boosted by Higher Metal Prices

After several days of a stronger U.S. dollar pushing the prices of metals and commodities down, Teck Resources (NYSE:TCK), Freeport-McMoRan (NYSE:FCX), Southern Copper (Nasdaq:SCCO) rebounded as the greenback fell again on news the sovereign debt crisis in Europe will receive another band-aide by Ireland being bailed out to the tune of over $100 billion.

The weakened euro caused investors to put their money in the U.S. dollar as commodity prices fell during the period of uncertainty, pushing down the price of most miners as well.

Freeport closed Thursday at $99.85, soaring by $3.01, or 3.11 percent. Tech Resources was up to $49.19, increasing by $1.67, or 3.51 percent. Southern Copper exploded upward to close at $44.34, rising by $1.81, or 4.26 percent.

The decision by China on whether or not they will increase interest rates to battle inflation still awaits, and that could pull commodity prices and commodity companies down again.

Even if that happens, it'll only be temporary, as the primary driver of gold prices during this season of time will continue to be the implementation of quantitative easing which will offer long-term support to gold.