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DG365FD46564GFH654FU898 Gold and silver prices ended August with moderate gains, but by the end of last week they have risen very sharply. On Friday, the US labor employment report didn’t show any increase in employment; this news is probably one of the factors that drove the US stock markets down and pushed gold and silver prices up. This news along with the slight slowdown in the growth of US PMI manufacturing index may have rekindled the debate over the chances of another stimulus plan by the Federal Reserve. If QE3 will be implemented, it may add inflation pressures in the US and drive major commodities prices further up. Currently, however there is no evidence that the Fed will issue a QE3.
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