Gold and silver prices continue to zigzag as they have changed direction
yesterday and slipped along with the rest of the financial markets including the
US stock markets. Currently gold and silver prices changed direction again and
are traded slightly up. Today, U.S. Federal Budget Balance will be published the
U.S. retail sales and the Euro Area Consumer price index. The G20 meeting will
be held this weekend. Here is a market outlook of precious metals prices for
today, October 14th: Gold and Silver Prices – October Update Gold price
slipped on Thursday by 0.84% to $1,668.0; silver price also fell by 3.42% to
$31.67. The chart below shows the development of gold and silver prices in
October (normalized gold and silver prices (September 30th 2011=100)). During
the month, gold price inclined by 2.8%, and silver prices by 5.3%. The ratio
between gold and silver prices increased on Thursday, October 13th to 52.69.
During October, silver price inclined by a slightly larger rate than gold price
as the ratio decreased by 2.3%. On Todays Agenda: Euro Area CPI and Core Monthly
Inflation (September): In the last report regarding August 2011, the annual
inflation rate was 2.5%, but the
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