Gold and silver prices ended the week with sharp gains; during yesterday they
have also increased as major stock markets in Asia and Europe were traded down.
Due to the long weekend in the US (Labor Day) there were no trading yesterday
there, but there are expectations that there will be falls in US stock markets
as there were yesterday in other stock markets. If this trend will continue
today it will likely to provide backwind for gold and silver price to further
rise. There are reports of growing demand in India and China for gold. Today,
the US non-ISM manufacturing PMI report will be published; bank of Japan will
decide its rate and publish a monetary policy statement; Australian GDP for Q2
2011 will also be published, and finally Reserve Bank of Australia will decide
on its cash rate.
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