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DG365FD46564GFH654FU898 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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