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 Obamas speech on
Thursday regarding his $447 billion job creating plan didnt ease the concerns of
traders; Bernankes speech on that day about the economic outlook of the US also
didnt 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. Lets 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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