Gold and silver prices started the week with moderate gains along with the sharp
gains recorded in other major commodities prices such as crude oil prices.
Currently gold and silver prices are traded slightly up. Today, U.S Consumer
Confidence report will be published; Canadas Core Retails Sales report; and
Canadas Overnight Rate will be announced. Here is a market outlook of precious
metals prices for today, October 25th: Gold and Silver Prices – October Update
Gold price inclined on Monday by0.99% to $1,652.3; silver price also rose by
1.45% to $31.64. The chart below shows the changes in gold and silver prices
during the month (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price rose by 1.8% and silver prices by 5.2%. The ratio
between gold and silver prices slightly declined on Monday, October 24th to
52.22. During October, silver price inclined by a slightly larger rate than gold
price as the ratio fell by 3.2%. On Todays Agenda: U.S Consumer Confidence: in
the previous report, the consumer confidence index remained nearly unchanged in
September compared with Augusts index. The current expectations are that this
index may continue to drop in the October report; Core
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