Gold & Silver Prices – Daily Outlook October 19

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DG365FD46564GFH654FU898 Gold price continued its decline and finished yesterday in the red while silver price remained virtually unchanged. Currently gold and silver prices are traded slightly down. Today, U.S. Consumer Price Index will be published; the U.S. building permits and housing starts report as well. Here is a market outlook of precious metals prices for today, October 19th: Gold and Silver Prices – October Update Gold price sharply declined on Tuesday by 1.42% to $1,652.8; silver price on the other slightly inclined by 0.03% to $31.83. The chart below shows the recent changes in gold and silver prices during the month (normalized gold and silver prices (September 30th 2011=100)). During October, gold price inclined by 1.9%, and silver prices by 5.8%. The ratio between gold and silver prices sharply fell on Tuesday, October 18th to 51.92. During October, silver price inclined by a slightly larger rate than gold price as the ratio decreased by 3.7%. Despite the change in direction in which gold and silver priced moved in different direction their relation is still robust with a strong and positive correlation as indicated below. On Today’s Agenda: U.S CPI: This monthly report will show the main changes in the