XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Bullion traders had to endure the worst week for gold and silver especially in the last couple of days of the week. The financial markets started the descent on Thursday as US stock markets sharply fell; US Dollar sharply appreciated against major currencies; major commodities prices including gold price and crude oil prices precipitately declined. Many attributed this sharp reaction in the financial markets to the disappointment from the Fed’s plan to purchase long term securities and no QE3 program. But the next day, most of the indexes and prices leveled out with crude oil prices slightly falling, USD deprecating and US stock markets regaining back some of their value. Yet, the bullion markets continues to fall very sharply: gold price closed the last trading day of the week with a 5.85% drop and silver price with a 17.71% decrease – the sharpest falls in a single day in 2011 for these precious metals.
No comments:
Post a Comment