Gold and silver prices continue to zigzag as they have bounced back yesterday
from Mondays falls. During September gold price changed direction eleven times
(on a daily scale) out of the past 13 business days. The FOMC meeting started
yesterday and will conclude today. The speculation around what will be next step
of the Fed will end today. How will the Feds decision on issuing a stimulus plan
affect the financial markets and gold and silver prices? Today, the Canadian
Core CPI will also be published and the U.S. existing home sales report for
August. Here is a market outlook of precious metals prices for today, September
21st: Gold and silver prices –September Gold and silver prices changed
direction again and increased yesterday: Gold price rose on Tuesday by 1.70% to
$1,809; silver price also inclined by 1.79% to $39.87. During September, gold
price declined by 1.2% and silver price fell by 4.6%. The chart below presents
the price changes of gold and silver throughout September (normalized gold and
silver prices (August 31st 2011=100)). The ratio between gold and silver prices
reached on Tuesday, September 20th 45.38. During September, gold price has
slightly outperformed silver price as the ratio
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