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DG365FD46564GFH654FU898 Gold and silver prices ended the week with gold price slightly rising and silver price falling; the USD sharply appreciated against the Euro, AUD and CAD, while the US stock markets sharply declined. It seems that President Obama’s speech on Thursday regarding his $447 billion job creating plan didn’t ease the concerns of traders; Bernanke’s speech on that day about the economic outlook of the US also didn’t ease the financial markets. This week there are many news items that could affect traders including the US PPI, US Federal Budget Balance, and Philly Fed Manufacturing Index . Today, the Australian trade balance report will be published. Let’s examine the precious metals market for the last day of the week, September 12th: Gold and silver prices –September Gold and silver prices finished the week with mixed trends: Gold price slightly inclined on Friday by 0.11% to $1,859; silver price on the other hand declined by 2.13% to $41.62. During September, gold price slightly inclined by 1.5% while silver price fell by 0.3%. The chart below (normalized gold and silver prices (August 31st 2011=100)) shows the price development of precious metals in recent weeks. The chart shows the many shifts of gold and
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