Gold and silver prices changed direction throughout the week with no clear
direction. The sharp appreciation of the US dollar against major currencies
including the Euro throughout most of the week affected gold and silver prices
to trade down, while the decline of the US stock markets may have affected gold
and silver prices to remain high. The ECB rate decision and the revised down
Euro Area economic outlook of the ECB didnt help much in easing the concerns of
traders and only further weakened the Euro. By the end of the week gold and
silver prices didnt change much form their initial price level at the beginning
of the week. Here is a short review of the changes in gold and silver prices
during the week of September 6th to September 9th 2011:
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