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DG365FD46564GFH654FU898 Gold and silver prices sharply rose yesterday and recorded the sharpest gains during October. Does this mean there is a shift in the recent trend of gold and silver prices from downward to upward? Today, the second (this week) EU summit will be held in Brussels; in the summit there will an attempt to resolve the European debt crisis. Currently gold and silver prices are traded up. Today, U.S Core Durable Goods report will be published; U.S. New Home Sales report; and BOJ’s Rate will be announced. Here is a market outlook of precious metals prices for today, October 26th: Gold and Silver Prices – October Update Gold price sharply rose on Tuesday by 2.91% to $1,700.4; silver price also sharply inclined by 4.45% to $33.05. These are the highest price levels these metals have reached during the month. The chart below shows the development of gold and silver prices during October (normalized gold and silver prices (September 30th 2011=100)). During October, gold price rose by 4.8% and silver prices by 9.9%. The ratio between gold and silver prices slipped on Tuesday, October 25th to 51.45. During October, silver price inclined by a slightly larger rate than gold price
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