XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices continue to seek direction as they zigzagged again throughout the week. The news of the liquidity program, in which the ECB along with other central banks including the Federal Reserve will provide US dollar loans to European banks, may have calmed down traders; on the other hand, the increase in US inflation rate, along with the negative results of the Philly Fed may have adversely affected traders and may have helped gold and silver prices to remain high. Despite the high volatility of precious metals’ prices, they didn’t change much from their level at the end of August: Gold prices fell by only 0.9% and silver prices by only 2.2%. During last week, gold and silver prices changed directions (from green to red and vise versa) four times on a daily basis! The mixed signals that were running all week about the debt crisis in Europe and the progress of the US economy may have affected the stability in the financial markets. That being said, the recent rally in the US stock markets and the rise in long term US Treasury bills yields during most of last week, might suggest the some confidence was resorted to
No comments:
Post a Comment