Gold and silver prices inclined yesterday and gained back some of the losses
they had endured in the past couple of days that were stem, in part, by the
recent CME margin hike on gold trading. Currently, gold and silver prices are
traded with moderate changes. Today, the US GDP second quarter report for
2011will be published; Euro Area monetary development; and more importantly
Bernanke will give a speech in Jackson Hall. Lets examine the precious metals
market for today, August 26th: Gold and silver prices –August Gold and silver
prices changed direction and rose yesterday: Gold price rose on Thursday by
0.34% to $1,763; silver price also sharply inclined by 4.06% to $40.79. During
August, gold price increased by 8.1%, and silver price by 1.7%. The chart below
shows the normalized gold and silver prices (July 29th 2011=100). The ratio
between gold and silver prices continues to remain around the 43-45 mark, but
has a moderate downward trend in recent days; on Thursday, August 25th it
reached 43.22. During August, gold price has outperformed silver price as the
ratio inclined by 10.2%. Bens speech There are many who speculate what will be
today on the agenda of
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