Gold and silver prices continued to rise yesterday and thus completed a fourth
business day rally. The European Union leaders reached an agreement on the debt
crisis that could ease the concerns of the financial community and thus curb the
recent rally in gold and silver prices. Currently gold and silver prices are
traded with moderate changes. Today, U.S Q3 2011 GDP growth rate will be
published; Euro Area Monetary Developments report, U.S. Unemployment Claim and
U.S. pending Home Sales. Here is a market outlook of precious metals prices for
today, October 27th: Gold and Silver Prices – October Update Gold price
inclined on Wednesday by 1.36% to $1,723.5; silver price also rose by 0.78% to
$33.31. These are the highest price levels these metals have reached during
October. 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 increased by 6.2% and silver prices by 10.7%. The ratio
between gold and silver prices slightly inclined on Wednesday, October 26th to
51.74. During October, silver price inclined by a slightly larger rate than gold
price as the ratio fell by 4.1%. Gold and
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