Gold and silver prices declined yesterday mainly over the CME margin
requirements hike on gold and silver contracts, but currently they already
bounce back and incline. The speculation around a bailout plan of the European
bailout plan by European policy markets is likely to continue affecting the
financial markets and the uncertainty. Today, the U.S. consumer confidence
report will be published, and the Euro Area monetary developments for August.
Here is a market outlook of precious metals prices for today, September 27th:
Gold and Silver Prices –September Gold and silver prices declined yesterday:
Gold price shed on Monday by 2.74% of its value to $1,594; silver price fell by
0.42% to $29.98. During September, gold price declined by 12.9% and silver price
fell by 28.2%. The chart below shows the recent drop in gold and silver prices
in the three business days (normalized gold and silver prices (August 31st
2011=100)). The ratio between gold and silver prices changed direction and
slightly decreased on Monday, September 26th to 53.20. During September, silver
price declined by a much higher rate than gold price as the ratio increased by
21.3%. On Todays Agenda: Monetary Developments in the Euro Area: This report
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